{"id":11312,"date":"2010-07-01T09:00:47","date_gmt":"2010-07-01T07:00:47","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11312\/brent-oil-trading-under-75-as-europe-markets-head-lower\/"},"modified":"2010-07-01T09:00:47","modified_gmt":"2010-07-01T07:00:47","slug":"brent-oil-trading-under-75-as-europe-markets-head-lower","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11312\/brent-oil-trading-under-75-as-europe-markets-head-lower\/","title":{"rendered":"Brent oil trading under $75 as Europe markets head lower"},"content":{"rendered":"

Brent oil prices open Thursday’s trading session lower as European stock markets head lower and are expected to fall further today. In London, Brent crude oil futures for August 2010 delivery was at $74.77 a barrel 08.00 GMT on the ICE Futures Exchange, while WTI oil prices also fell on open. European stock market futures pointed to falls for equities today, as sentiment was soured after manufacturing data from China showed the country’s rapid economic growth was slowing. Traders were nervous this morning ahead of the results expected at 10.15am of European banks’ attempts to refinance a \u20ac442bn loan that has kept the system afloat for the past year. In place of the deal about to expire, the ECB is offering funds for three months at 1%. “The take up will be interesting to see as it will provide an indication of the short term funding requirements that is not satisfied by the interbank market,” said Gary Jenkins at Evolution Securities. “In the current climate to order the repayment of last year’s one-year loan of \u20ac442bn [today], the ECB was taking a real chance, particularly as wholesale money markets are moribund,” said David Buik at BGC Partners. Both Brent and WTI Light oil prices have been trading in line with stock markets recently, which may provide a rough guide to how oil prices are set to end the week’s trading session. Brent oil prices trading near $80 as stock markets jump Brent oil price trading at $71 amid European debt issues Brent oil price hovers at $76 as Europe crisis bites deeper Oil prices trading at $70 mark amid stock market falls Brent oil trading lower on continued euro debt concerns Brent oil trading at $71 as commodities & markets wacked Brent oil price back at $75, Euro debt spooks the market Crude oil prices fall heavily, following stock markets lower Brent oil trading once again close to the $80 mark Brent oil price trading over $78 and looking bullish Oil prices trading higher helped by Asian stock markets Brent oil trading back at $71 level as Euro slides lower Brent oil price sinks under $72 as the Euro looses ground Brent oil price back near $72 amid mixed market data Oil prices trading at $71 mark, following stock markets Oil prices trading near $70 as global stock markets slump Brent oil trading back near $80 as euro hits new lows Oil prices slump on US stock market crash, Asia follows Brent oil price at $82 level as Europe problems hit markets Brent oil price takes a hit in heavy trading, higher dollar <\/p>\n

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\nBrent oil trading under $75 as Europe markets head lower<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Brent oil prices open Thursday’s trading session lower as European stock markets head lower and are expected to fall further today. In London, Brent crude oil futures for August 2010 delivery was at $74.77 a barrel 08.00 GMT on the ICE Futures Exchange, while WTI oil prices also fell on open. European stock market futures pointed to falls for equities today, as sentiment was soured after manufacturing data from China showed the country’s rapid economic growth was slowing. Traders were nervous this morning ahead of the results expected at 10.15am of European banks’ attempts to refinance a \u20ac442bn loan that has kept the system afloat for the past year. In place of the deal about to expire, the ECB is offering funds for three months at 1%. “The take up will be interesting to see as it will provide an indication of the short term funding requirements that is not satisfied by the interbank market,” said Gary Jenkins at Evolution Securities. “In the current climate to order the repayment of last year’s one-year loan of \u20ac442bn [today], the ECB was taking a real chance, particularly as wholesale money markets are moribund,” said David Buik at BGC Partners. Both Brent and WTI Light oil prices have been trading in line with stock markets recently, which may provide a rough guide to how oil prices are set to end the week’s trading session. Brent oil prices trading near $80 as stock markets jump Brent oil price trading at $71 amid European debt issues Brent oil price hovers at $76 as Europe crisis bites deeper Oil prices trading at $70 mark amid stock market falls Brent oil trading lower on continued euro debt concerns Brent oil trading at $71 as commodities & markets wacked Brent oil price back at $75, Euro debt spooks the market Crude oil prices fall heavily, following stock markets lower Brent oil trading once again close to the $80 mark Brent oil price trading over $78 and looking bullish Oil prices trading higher helped by Asian stock markets Brent oil trading back at $71 level as Euro slides lower Brent oil price sinks under $72 as the Euro looses ground Brent oil price back near $72 amid mixed market data Oil prices trading at $71 mark, following stock markets Oil prices trading near $70 as global stock markets slump Brent oil trading back near $80 as euro hits new lows Oil prices slump on US stock market crash, Asia follows Brent oil price at $82 level as Europe problems hit markets Brent oil price takes a hit in heavy trading, higher 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-11312","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\/11312","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=11312"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11312\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=11312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=11312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=11312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}