{"id":11142,"date":"2010-06-15T16:46:55","date_gmt":"2010-06-15T14:46:55","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11142\/wti-oil-price-trading-higher-on-us-dollar-supply-data\/"},"modified":"2010-06-15T16:46:55","modified_gmt":"2010-06-15T14:46:55","slug":"wti-oil-price-trading-higher-on-us-dollar-supply-data","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11142\/wti-oil-price-trading-higher-on-us-dollar-supply-data\/","title":{"rendered":"WTI oil price trading higher on US dollar & supply data"},"content":{"rendered":"

WTI oil prices are trading higher over the $75 mark as the US dollar lost some recent strength and also on forecasts that a government report will show that US supplies fell for a third week. WTI Light crude oil futures for July delivery rose to $75.90 a barrel on the New York Mercantile Exchange and overtook Brent oil futures prices. \u201cThe bulls are trying to move oil higher, and they\u2019ve been getting intermittent support from the euro and dollar,\u201d said Peter Beutel, president of energy adviser Cameron Hanover Inc. Analysts were split over whether the Energy Department will report that gasoline inventories rose or fell last week, according to the median of 11 responses in the Bloomberg News survey. The department is scheduled to release its weekly report tomorrow at 10:30 a.m. in Washington. “If the dollar is falling, it means that people are more relaxed to take on risk. People have believed for a long time that the second half of 2010 will be better than the first half,” said Tony Nunan, a risk manager with Mitsubishi Corp. Oil consumption in the US is slowly recovering, helped by the seasonal summer peak in gasoline use. US crude inventories fell more than expected in the last week of June, trimming a surplus that has prevailed for almost two years. Euro in Greek tailspin, US dollar firms & oil prices holding out Light oil price trading up as US dollar takes a knock Crude oil prices fall four percent on gloomy US jobs data Oil prices open trading around $72 mark, US dollar gains Brent oil price sinks under $72 as the Euro looses ground Oil prices trading back near $75 amid ongoing Euro concerns WTI oil price skids under $70 as US dollar firms up 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 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, eyes on US dollar index Crude oil prices trading lower on stronger US dollar Oil prices trading near 2010 highs on latest US jobs data Oil prices trading steady around $80, stronger US dollar Oil prices trading down two percent on stronger US dollar WTI oil price rebounds near $75 on weaker US dollar <\/p>\n

Original post:
\nWTI oil price trading higher on US dollar & supply data<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

WTI oil prices are trading higher over the $75 mark as the US dollar lost some recent strength and also on forecasts that a government report will show that US supplies fell for a third week. WTI Light crude oil futures for July delivery rose to $75.90 a barrel on the New York Mercantile Exchange and overtook Brent oil futures prices. \u201cThe bulls are trying to move oil higher, and they\u2019ve been getting intermittent support from the euro and dollar,\u201d said Peter Beutel, president of energy adviser Cameron Hanover Inc. Analysts were split over whether the Energy Department will report that gasoline inventories rose or fell last week, according to the median of 11 responses in the Bloomberg News survey. The department is scheduled to release its weekly report tomorrow at 10:30 a.m. in Washington. “If the dollar is falling, it means that people are more relaxed to take on risk. People have believed for a long time that the second half of 2010 will be better than the first half,” said Tony Nunan, a risk manager with Mitsubishi Corp. Oil consumption in the US is slowly recovering, helped by the seasonal summer peak in gasoline use. US crude inventories fell more than expected in the last week of June, trimming a surplus that has prevailed for almost two years. Euro in Greek tailspin, US dollar firms & oil prices holding out Light oil price trading up as US dollar takes a knock Crude oil prices fall four percent on gloomy US jobs data Oil prices open trading around $72 mark, US dollar gains Brent oil price sinks under $72 as the Euro looses ground Oil prices trading back near $75 amid ongoing Euro concerns WTI oil price skids under $70 as US dollar firms up 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 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, eyes on US dollar index Crude oil prices trading lower on stronger US dollar Oil prices trading near 2010 highs on latest US jobs data Oil prices trading steady around $80, stronger US dollar Oil prices trading down two percent on stronger US dollar WTI oil price rebounds near $75 on weaker 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-11142","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\/11142","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=11142"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11142\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=11142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=11142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=11142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}