{"id":11076,"date":"2010-06-09T08:50:49","date_gmt":"2010-06-09T06:50:49","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11076\/brent-oil-price-trading-above-72-looks-to-us-crude-data\/"},"modified":"2010-06-09T08:50:49","modified_gmt":"2010-06-09T06:50:49","slug":"brent-oil-price-trading-above-72-looks-to-us-crude-data","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11076\/brent-oil-price-trading-above-72-looks-to-us-crude-data\/","title":{"rendered":"Brent oil price trading above $72, looks to US crude data"},"content":{"rendered":"

Brent crude oil prices are trading above the $72 on Wednesday as the US Department of Energy forecast that crude production in the US would fall to 5.38 million barrels per day in 2011, as a result of a six month ban imposed on drilling in deepwater Gulf of Mexico.<\/p>\n

Brent crude oil futures for July delivery was trading at $72.30 midday Singapore time on the ICE Futures Exchange.<\/p>\n

“Crude oil demand is expected to intensify as we enter the peak summer demand season,” JP Morgan said in a client briefing note.<\/p>\n

Brent oil prices have been flat this week on growing concerns over the European debt crisis as well as a weaker US report on job creation in the United States that underscored a reluctance by US employers to hire new workers.<\/p>\n

\n
\"Digg<\/a><\/div>\n
\"Reddit<\/a><\/div>\n
\"Stumble<\/a><\/div>\n
\"Buzz<\/a><\/div>\n
\"Vote<\/a><\/div>\n
\"Share<\/a><\/div>\n
\"Bookmark<\/a><\/div>\n
\"Kick<\/a><\/div>\n
\"Shout<\/a><\/div>\n
\"Share<\/a><\/div>\n
\"Bookmark<\/a><\/div>\n
\"Post<\/a><\/div>\n
\"Google<\/a><\/div>\n<\/div>\n