WTI oil futures close near $75 amid decline in US oil stocks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WTI oil futures ended the week’s trading session near the $75 mark, around a dollar lower than last week’s closing price amid a decline in oil stocks at Cushing, Oklahoma. US Light crude oil futures for October 2010 delivery closed Friday’s session at $74.60 a barrel on the NYMEX, down from $75.60 a week earlier. NYMEX Trading Closed for US Labour Day Holiday There will be no floor trading on the NYMEX on Monday September 6th because of the US Labour Day holiday, and all electronic trades will be counted as part of the September 7th trading session. “We had two pieces of critical economic data on the Friday before the Labour Day weekend. Oil prices were bid up after the payroll number, and when the ISM came out investors sold off.” said Jason Schenker of Prestige Economics in Texas. US Oil Supplies at Lowest Level Since April 2010 US crude oil supplies were projected to rise 1.2 million barrels this week, however crude oil inventories at Cushing, Oklahoma, the delivery point for New York futures actually dropped 503,000 barrels to 35.8 million. The decline left oil stockpiles at the lowest level since the week ended April 23rd 2010. In trading, oil volume in New York was at 747,132 contracts as of 20.08 GMT in electronic trading on the NYMEX. Total NYMEX WTI oil futures trading volumes totaled 915,387 contracts on Friday, 47 percent above the average of the past three months. Oil prices expected to hit $100 in 2010 say Dubai traders What a relief? BP drill closes in on oil well, has just 1 shot Oil price forecast, where’s crude heading for the rest of 2010? US government plans to take BP to the cleaners over spill Oil companies in Russia and the foreign investment climate Brent oil prices trading at $86 in early week market surge Oil prices trading firm on US data, homing in on $90 barrel Gulf spill of 210,000 gallons daily may push oil over $100 Arab states launch secret moves to stop using US currency for oil trading $70 WTI light crude oil price this winter says EIA Some facts about the peak oil theory Indian oil companies hike jet fuel prices as crude oil rises Oil prices trading up on hurricane Ida concerns, weaker US dollar Spot trading of crude oil opens in Tianjin, China Oil prices trading lower on stronger US dollar, demand OPEC member Iraq oil output may affect future oil prices Goldman Sachs predicts summer oil price at $92 – $97 range Weekly petroleum recap, crude oil inventories up Oil slick chaos as 210,000 gallons leaking daily into Gulf The real Gulf BP oil crisis could be peak oil production <\/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-12013","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\/12013","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=12013"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/12013\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=12013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=12013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=12013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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