{"id":11036,"date":"2010-06-05T09:19:26","date_gmt":"2010-06-05T07:19:26","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11036\/brent-oil-trading-back-at-71-level-as-euro-slides-lower\/"},"modified":"2010-06-05T09:19:26","modified_gmt":"2010-06-05T07:19:26","slug":"brent-oil-trading-back-at-71-level-as-euro-slides-lower","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11036\/brent-oil-trading-back-at-71-level-as-euro-slides-lower\/","title":{"rendered":"Brent oil trading back at $71 level as Euro slides lower"},"content":{"rendered":"

Brent oil prices ended the week’s trading around the $71 mark, sliding more than four percent lower as the US dollar Index hit a new high for 2010 and the Euro sank lower against most other currencies. Brent crude oil futures ended at $71.71 a barrel on the ICE Futures Exchange. The ICE Dollar Index, which tracks the greenback against the trade weighted basket of currencies, was at 88.225 from 87.240. The index tracked to its highest level since March 2009 as investors turned to the perceived safety of the US dollar. “The next level for the euro I’ll look at is the October 2005 low at $1.18,” said Bruce Zaro, chief technical strategist at Delta Global Advisors. “Below that, you’ve got $1.09 in August of 2003. The trend has been confirmed negative on the euro and positive on the dollar.” Brent oil price sinks under $72 as the Euro looses ground Brent oil price takes a hit in heavy trading, higher dollar Brent oil price trading at $75 as Euro stays at 4 year lows Oil prices open trading around $72 mark, US dollar gains Oil prices trading back near $75 amid ongoing Euro concerns WTI oil price skids under $70 as US dollar firms up Brent oil trading at $71 as commodities & markets wacked Oil prices again being lead by dollar and euro swings Brent oil prices trading back over $87 on Greece news Euro in Greek tailspin, US dollar firms & oil prices holding out Oil prices trading range at $80 mark on US Dollar Index Brent oil trading below $80, US dollar holding down prices Crude oil prices trading lower on stronger US dollar Brent oil price hovers under $77 on higher dollar, markets Brent oil price trading up on latest positive US GDP data Oil prices trading steady after Thursday loss, eyes on dollar Crude oil prices fall four percent on gloomy US jobs data WTI oil price trading down 3 percent on firm US dollar Index Brent oil trading lower on continued euro debt concerns Brent oil rollercoaster ride ahead as EU sets euro strategy <\/p>\n

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\nBrent oil trading back at $71 level as Euro slides lower<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Brent oil prices ended the week’s trading around the $71 mark, sliding more than four percent lower as the US dollar Index hit a new high for 2010 and the Euro sank lower against most other currencies. Brent crude oil futures ended at $71.71 a barrel on the ICE Futures Exchange. The ICE Dollar Index, which tracks the greenback against the trade weighted basket of currencies, was at 88.225 from 87.240. The index tracked to its highest level since March 2009 as investors turned to the perceived safety of the US dollar. “The next level for the euro I’ll look at is the October 2005 low at $1.18,” said Bruce Zaro, chief technical strategist at Delta Global Advisors. “Below that, you’ve got $1.09 in August of 2003. The trend has been confirmed negative on the euro and positive on the dollar.” Brent oil price sinks under $72 as the Euro looses ground Brent oil price takes a hit in heavy trading, higher dollar Brent oil price trading at $75 as Euro stays at 4 year lows Oil prices open trading around $72 mark, US dollar gains Oil prices trading back near $75 amid ongoing Euro concerns WTI oil price skids under $70 as US dollar firms up Brent oil trading at $71 as commodities & markets wacked Oil prices again being lead by dollar and euro swings Brent oil prices trading back over $87 on Greece news Euro in Greek tailspin, US dollar firms & oil prices holding out Oil prices trading range at $80 mark on US Dollar Index Brent oil trading below $80, US dollar holding down prices Crude oil prices trading lower on stronger US dollar Brent oil price hovers under $77 on higher dollar, markets Brent oil price trading up on latest positive US GDP data Oil prices trading steady after Thursday loss, eyes on dollar Crude oil prices fall four percent on gloomy US jobs data WTI oil price trading down 3 percent on firm US dollar Index Brent oil trading lower on continued euro debt concerns Brent oil rollercoaster ride ahead as EU sets euro strategy <\/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-11036","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\/11036","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=11036"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11036\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=11036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=11036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=11036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}