{"id":10629,"date":"2010-04-20T08:55:29","date_gmt":"2010-04-20T06:55:29","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/10629\/oil-prices-trading-higher-amid-continued-iceland-volcano-chaos\/"},"modified":"2010-04-20T08:55:29","modified_gmt":"2010-04-20T06:55:29","slug":"oil-prices-trading-higher-amid-continued-iceland-volcano-chaos","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/10629\/oil-prices-trading-higher-amid-continued-iceland-volcano-chaos\/","title":{"rendered":"Oil prices trading higher amid continued Iceland volcano chaos"},"content":{"rendered":"<p><p>Oil prices are trading higher on Tuesday in Asia amid continued activity within Eyjafjallaj\u00f6kull, Iceland&#8217;s volcano, which continues to cause problems and in some cases, chaos for many countries in Europe.<\/p>\n<p>US Light crude oil futures for delivery in May traded at $82.14 a barrel at 0527 GMT, up 69 cents on the NYMEX, while in London, Brent crude oil futures for June delivery rose 54 cents to $84.77 a barrel on the ICE Futures Exchange.<\/p>\n<p>\u201cThe volcano eruption in Iceland has strengthened and a new ash cloud is spreading south and east towards the UK,\u201d a NATS statement noted. \u201cThis demonstrates the dynamic and rapidly changing conditions in which we are working.\u201d<\/p>\n<p>&#8220;The concerns the Iceland volcano have eased little, so prices rebounded. It shows the uptrend hasn&#8217;t collapsed,&#8221; said Yusuke Seta at Newedge, Japan. Seta expects crude to resume its uptrend toward $90 a barrel as the effects of European flight disruptions begin to fade.<\/p>\n<p>Investors are eyeing the huge cloud of ash from the Icelandic volcano that has shut down air traffic in most of Europe for five days. Some cities, such as Barcelona and Rome, were beginning to receive flights Tuesday, but most European airports remained shut.<\/p>\n<div>\n<div><a href=\"http:\/\/digg.com\/submit?url=http2F2Foil2F042Foil-prices-trading-higher-amid-continued-iceland-volcano-chaos.html&title=Oil+prices+trading+higher+amid+continued+Iceland+volcano+chaos\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/digg.png\" alt=\"Digg This\" title=\"Digg This\" \/><\/a><\/div>\n<div><a href=\"http:\/\/www.reddit.com\/submit?url=http2F2Foil2F042Foil-prices-trading-higher-amid-continued-iceland-volcano-chaos.html&title=Oil+prices+trading+higher+amid+continued+Iceland+volcano+chaos\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/reddit.png\" alt=\"Reddit This\" title=\"Reddit This\" \/><\/a><\/div>\n<div><a 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Google Reader)\" title=\"Google Buzz (aka. Google Reader)\" \/><\/a><\/div>\n<\/div>\n<ul>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/04\/2010\/oil-prices-running-out-of-steam-on-european-flights-chaos.html\" title=\"Oil prices running out of steam on European flights chaos?\">Oil prices running out of steam on European flights chaos?<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/brent_oil_prices\/04\/2010\/brent-oil-opens-trading-under-85-europe-volcano-continues.html\" title=\"Brent oil opens trading under $85, europe volcano continues\">Brent oil opens trading under $85, europe volcano continues<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/oil-prices-trading-range-at-80-mark-on-us-dollar-index.html\" title=\"Oil prices trading range at $80 mark on US Dollar Index\">Oil prices trading range at $80 mark on US Dollar Index<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/oil-prices-trading-steady-around-80-stronger-us-dollar.html\" title=\"Oil prices trading steady around $80, stronger US dollar\">Oil prices trading steady around $80, stronger US dollar<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/light_oil_prices\/04\/2010\/us-light-oil-prices-fall-under-82-on-goldman-sachs-news.html\" title=\"US Light oil prices fall under $82 on Goldman Sachs news\">US Light oil prices fall under $82 on Goldman Sachs news<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/04\/2010\/oil-prices-add-over-two-percent-in-brisk-buying-session.html\" title=\"Oil prices add over two percent in brisk buying session\">Oil prices add over two percent in brisk buying session<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/04\/2010\/oil-prices-start-week-trading-around-85-on-weak-us-dollar.html\" title=\"Oil prices start week trading around $85 on weak US dollar\">Oil prices start week trading around $85 on weak US dollar<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/light_oil_prices\/04\/2010\/light-oil-price-touches-87-in-trading-100-oil-soon.html\" title=\"Light oil price touches $87 in trading, $100 oil soon?\">Light oil price touches $87 in trading, $100 oil soon?<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/light_oil_prices\/04\/2010\/light-oil-price-trading-up-as-us-dollar-takes-a-knock.html\" title=\"Light oil price trading up as US dollar takes a knock\">Light oil price trading up as US dollar takes a knock<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/brent_oil_prices\/04\/2010\/brent-oil-price-trading-over-82-on-asia-demand-boost.html\" title=\"Brent oil price trading over $82 on Asia demand boost\">Brent oil price trading over $82 on Asia demand boost<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/04\/2010\/crude-oil-prices-hit-2010-trading-high-on-falling-us-dollar.html\" title=\"Crude oil prices hit 2010 trading high on falling US dollar\">Crude oil prices hit 2010 trading high on falling US dollar<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/oil-prices-trading-higher-on-monday-amid-weaker-us-dollar.html\" title=\"Oil prices trading higher on Monday amid weaker US dollar\">Oil prices trading higher on Monday amid weaker US dollar<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/oil-prices-trading-lower-as-us-dollar-makes-gains.html\" title=\"Oil prices trading lower as US dollar makes gains\">Oil prices trading lower as US dollar makes gains<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/crude-oil-prices-gain-as-traders-eye-global-stock-markets.html\" title=\"Crude oil prices gain as traders eye global stock markets\">Crude oil prices gain as traders eye global stock markets<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/oil-prices-trading-negative-on-profit-taking-stock-markets.html\" title=\"Oil prices trading negative on profit taking, stock markets\">Oil prices trading negative on profit taking, stock markets<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/oil-prices-trading-down-two-percent-on-stronger-us-dollar-2.html\" title=\"Oil prices trading down two percent on stronger US dollar\">Oil prices trading down two percent on stronger US dollar<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/oil-prices-trading-steady-eyes-on-us-dollar-index.html\" title=\"Oil prices trading steady, eyes on US dollar index\">Oil prices trading steady, eyes on US dollar index<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/oil-prices-trading-near-2010-highs-as-opec-holds-output.html\" title=\"Oil prices trading near 2010 highs as OPEC holds output\">Oil prices trading near 2010 highs as OPEC holds output<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/crude-oil-prices-trading-lower-on-stronger-us-dollar.html\" title=\"Crude oil prices trading lower on stronger US dollar\">Crude oil prices trading lower on stronger US dollar<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/03\/2010\/oil-prices-start-week-trading-lower-amid-demand-concerns.html\" title=\"Oil prices start week trading lower amid demand concerns\">Oil prices start week trading lower amid demand concerns<\/a><\/li>\n<\/ul>\n<p>Read more here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/04\/2010\/oil-prices-trading-higher-amid-continued-iceland-volcano-chaos.html\" title=\"Oil prices trading higher amid continued Iceland volcano chaos\">Oil prices trading higher amid continued Iceland volcano chaos<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Oil prices are trading higher on Tuesday in Asia amid continued activity within Eyjafjallaj\u00f6kull, Iceland&#8217;s volcano, which continues to cause problems and in some cases, chaos for many countries in Europe. US Light crude oil futures for delivery in May traded at $82.14 a barrel at 0527 GMT, up 69 cents on the NYMEX, while in London, Brent crude oil futures for June delivery rose 54 cents to $84.77 a barrel on the ICE Futures Exchange. \u201cThe volcano eruption in Iceland has strengthened and a new ash cloud is spreading south and east towards the UK,\u201d a NATS statement noted. \u201cThis demonstrates the dynamic and rapidly changing conditions in which we are working.\u201d &#8220;The concerns the Iceland volcano have eased little, so prices rebounded. It shows the uptrend hasn&#8217;t collapsed,&#8221; said Yusuke Seta at Newedge, Japan. Seta expects crude to resume its uptrend toward $90 a barrel as the effects of European flight disruptions begin to fade. Investors are eyeing the huge cloud of ash from the Icelandic volcano that has shut down air traffic in most of Europe for five days. Some cities, such as Barcelona and Rome, were beginning to receive flights Tuesday, but most European airports remained shut. Oil prices running out of steam on European flights chaos? Brent oil opens trading under $85, europe volcano continues Oil prices trading range at $80 mark on US Dollar Index Oil prices trading steady around $80, stronger US dollar US Light oil prices fall under $82 on Goldman Sachs news Oil prices add over two percent in brisk buying session Oil prices start week trading around $85 on weak US dollar Light oil price touches $87 in trading, $100 oil soon? Light oil price trading up as US dollar takes a knock Brent oil price trading over $82 on Asia demand boost Crude oil prices hit 2010 trading high on falling US dollar Oil prices trading higher on Monday amid weaker US dollar Oil prices trading lower as US dollar makes gains Crude oil prices gain as traders eye global stock markets Oil prices trading negative on profit taking, stock markets Oil prices trading down two percent on stronger US dollar Oil prices trading steady, eyes on US dollar index Oil prices trading near 2010 highs as OPEC holds output Crude oil prices trading lower on stronger US dollar Oil prices start week trading lower amid demand concerns <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10629","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/10629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=10629"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/10629\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=10629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=10629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=10629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}