{"id":11390,"date":"2010-07-08T19:12:23","date_gmt":"2010-07-08T17:12:23","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11390\/ice-brent-oil-price-trading-higher-after-hitting-75-mark\/"},"modified":"2010-07-08T19:12:23","modified_gmt":"2010-07-08T17:12:23","slug":"ice-brent-oil-price-trading-higher-after-hitting-75-mark","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11390\/ice-brent-oil-price-trading-higher-after-hitting-75-mark\/","title":{"rendered":"ICE Brent oil price trading higher after hitting $75 mark"},"content":{"rendered":"

Brent oil prices continue a slow ascent higher on Thursday afternoon after hitting the $75 mark earlier, while European stock markets advanced.<\/p>\n

In London, Brent crude oil futures for August 2010 delivery was at $74.40 a barrel at 17.30 GMT on the ICE Futures Exchange after opening this morning’s session at $74.10.<\/p>\n

Meanwhile, stock markets were given a boost today after the IMF said the world economy was recovering faster than expected, but is warning the debt crisis in Europe could undermine growth.<\/p>\n

The IMF stated that European governments struggling with massive national debt could create financial instability by applying austerity measures too fast.<\/p>\n

This week is turning out to be a difficult one to call for oil prices as mixed reports and data from Europe and the US are having a rollercoaster effect on commodities and stock markets alike.<\/p>\n

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