WTI oil price trading down 3 percent on firm US dollar Index<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WTI oil prices are trading down around 3 percent on Tuesday as the Euro sinks to 4 year lows against the US dollar and the US Dollar Index hits 87.34, which is it’s highest level since March 2009. US WTI Light crude oil futures for July delivery was down $1.51 at $72.17 a barrel at late afternoon Singapore time on the NYMEX. Oil traders often look to equities as a barometer of overall investor sentiment, and dollar-based commodities such as oil become more expensive for investors holding the European currency when the dollar gains. Floor trading on NYEX was closed yesterday for the Memorial Day holiday and yesterday\u2019s electronic trades will be booked today for settlement purposes. Oil prices also dropped as stock markets fell around the world with Europe\u2019s Stoxx 600 Index declined 1.7 percent to 240.87 at 11:07am in London. The Dollar Index rose around 1 percent on the day to 87.473, its highest level since March 2009. “Geopolitical concerns in the Middle East and Korea are to the fore, supporting the dollar, as well as debt problems in the Eurozone,” said Tom Levinson, FX strategist at ING. WTI oil price skids under $70 as US dollar firms up Euro in Greek tailspin, US dollar firms & oil prices holding out July WTI Light oil price trading near $73 on US data WTI oil price at $69 mark on strong dollar, high stocks US Light oil price trading down near $70 on strong dollar Oil prices trading range at $80 mark on US Dollar Index Brent oil price trading near $81 on weaker US dollar Brent oil price trading above $80 on weaker US dollar Brent oil price sinks under $72 as the Euro looses ground Oil prices trading back near $75 amid ongoing Euro concerns WTI oil price finds support around $70 trading range, firms Light oil price trading under $74 on a stronger US dollar Light oil price trading down at $77 on US market crash Light oil price trading near $80 on US inventories data, dollar Brent oil price takes a hit in heavy trading, higher dollar Light oil price falls four percent as global markets decline Brent oil price holding around $88 mark amid strong dollar Brent oil price closes the week trading at 18 month high Light oil price trading near $85, China oil import data jumps Oil prices start week trading around $85 on weak US dollar <\/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-10992","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\/10992","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=10992"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/10992\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=10992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=10992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=10992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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