{"id":11705,"date":"2010-08-02T15:18:26","date_gmt":"2010-08-02T13:18:26","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11705\/wti-oil-price-trading-over-80-as-us-markets-move-higher\/"},"modified":"2010-08-02T15:18:26","modified_gmt":"2010-08-02T13:18:26","slug":"wti-oil-price-trading-over-80-as-us-markets-move-higher","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11705\/wti-oil-price-trading-over-80-as-us-markets-move-higher\/","title":{"rendered":"WTI oil price trading over $80 as US markets move higher"},"content":{"rendered":"

WTI oil prices are trading over the $80 for the first time since the end of April 2010 as US stock markets look to open higher this morning in New York.<\/p>\n

US Light crude oil futures for September 2010 delivery were trading at $80.36, 13.45 GMT on the NYMEX after breaking the $80 mark around 13.00 GMT.<\/p>\n

Before Wall Street’s opening bell, futures on the Dow Jones Industrial Average jumped 111 points to 10528 and S&P 500 futures rose 13.40 points, or 1.2%, to 1111.70.<\/p>\n

Meanwhile, Asian stock markets ended higher, as strong earnings outweighed disappointing data from China which also boosted oil prices.<\/p>\n

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