{"id":10627,"date":"2010-04-20T09:04:37","date_gmt":"2010-04-20T07:04:37","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/10627\/brent-oil-prices-trading-back-near-85-on-rising-markets\/"},"modified":"2010-04-20T09:04:37","modified_gmt":"2010-04-20T07:04:37","slug":"brent-oil-prices-trading-back-near-85-on-rising-markets","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/10627\/brent-oil-prices-trading-back-near-85-on-rising-markets\/","title":{"rendered":"Brent oil prices trading back near $85 on rising markets"},"content":{"rendered":"

Brent oil prices are trading higher on Tuesday as a rebound in Asian stock markets helped boost crude oil prices and other commodities. In London, Brent crude oil futures for June delivery was trading up 58 cents at $84.81 on the ICE Futures Exchange.<\/p>\n

“The stock market proved that lawsuits and courts are no match for profits,” Cameron Hanover said in a report. “That took away one source of selling in oil.”<\/p>\n

Brent oil prices have pulled back from a two day trading loss as European flight chaos gripped markets all over the world, sending prices lower. Many analysts beleive that oil prices have support around the current trading price.<\/p>\n

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