{"id":11001,"date":"2010-06-02T09:02:25","date_gmt":"2010-06-02T07:02:25","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11001\/oil-prices-open-trading-around-72-mark-us-dollar-gains\/"},"modified":"2010-06-02T09:02:25","modified_gmt":"2010-06-02T07:02:25","slug":"oil-prices-open-trading-around-72-mark-us-dollar-gains","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11001\/oil-prices-open-trading-around-72-mark-us-dollar-gains\/","title":{"rendered":"Oil prices open trading around $72 mark, US dollar gains"},"content":{"rendered":"

Crude oil prices open trading on Wednesday hovering around the $72 a barrel mark as the US dollar one again makes gains against the Euro and other major world currencies. US Light crude oil futures for July delivery traded at $72.08 a barrel at 0611 GMT on the NYMEX, while in London, Brent crude oil futures for July delivery fell 46 cents to $72.25 a barrel on the ICE Futures Exchange. The dollar index, which measures the US currency against a basket of six others, advanced 0.2% to 86.74, although the dollar was down 0.8% against the British pound at $1.466. A stronger dollar versus the euro and other currencies weighs on oil prices as it makes the commodity much more expensive to buy for holders of other currencies. The euro is trading near a four-year low against the dollar, under pressure after the downgrade of Spain’s sovereign debt and the European Central Bank’s estimate of bank losses. Asian stock markets opened lower on Wednesday which will probably have a negative effect on oil prices, yesterday the Dow Jones closed over one percent lower at 10,024.02. Crude oil prices trading lower on stronger US dollar Brent oil price sinks under $72 as the Euro looses ground Oil prices trading back near $75 amid ongoing Euro concerns Euro in Greek tailspin, US dollar firms & oil prices holding out Crude oil prices hit 2010 trading high on falling US dollar Oil prices trading higher on Monday amid weaker US dollar Oil prices trading range at $80 mark on US Dollar Index Oil prices trading down two percent on stronger US dollar Oil prices trading steady around $80, stronger US dollar Oil prices trading down two percent on stronger US dollar WTI oil price skids under $70 as US dollar firms up Oil prices trading up, eyes on currencies euro & dollar Oil prices again being lead by dollar and euro swings Light oil prices at $83 in early trading, US dollar dips Oil prices start the week trading higher on US data Oil prices start week trading around $85 on weak US dollar Oil prices trading firm on US data, homing in on $90 barrel Light oil price trading up as US dollar takes a knock Oil prices trading lower as US dollar makes gains Oil prices trading steady, eyes on US dollar index <\/p>\n

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\nOil prices open trading around $72 mark, US dollar gains<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Crude oil prices open trading on Wednesday hovering around the $72 a barrel mark as the US dollar one again makes gains against the Euro and other major world currencies. US Light crude oil futures for July delivery traded at $72.08 a barrel at 0611 GMT on the NYMEX, while in London, Brent crude oil futures for July delivery fell 46 cents to $72.25 a barrel on the ICE Futures Exchange. The dollar index, which measures the US currency against a basket of six others, advanced 0.2% to 86.74, although the dollar was down 0.8% against the British pound at $1.466. A stronger dollar versus the euro and other currencies weighs on oil prices as it makes the commodity much more expensive to buy for holders of other currencies. The euro is trading near a four-year low against the dollar, under pressure after the downgrade of Spain’s sovereign debt and the European Central Bank’s estimate of bank losses. Asian stock markets opened lower on Wednesday which will probably have a negative effect on oil prices, yesterday the Dow Jones closed over one percent lower at 10,024.02. Crude oil prices trading lower on stronger US dollar Brent oil price sinks under $72 as the Euro looses ground Oil prices trading back near $75 amid ongoing Euro concerns Euro in Greek tailspin, US dollar firms & oil prices holding out Crude oil prices hit 2010 trading high on falling US dollar Oil prices trading higher on Monday amid weaker US dollar Oil prices trading range at $80 mark on US Dollar Index Oil prices trading down two percent on stronger US dollar Oil prices trading steady around $80, stronger US dollar Oil prices trading down two percent on stronger US dollar WTI oil price skids under $70 as US dollar firms up Oil prices trading up, eyes on currencies euro & dollar Oil prices again being lead by dollar and euro swings Light oil prices at $83 in early trading, US dollar dips Oil prices start the week trading higher on US data Oil prices start week trading around $85 on weak US dollar Oil prices trading firm on US data, homing in on $90 barrel Light oil price trading up as US dollar takes a knock Oil prices trading lower as US dollar makes gains Oil prices trading steady, eyes on US dollar index <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11001","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\/11001","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=11001"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11001\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=11001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=11001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=11001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}