{"id":12015,"date":"2010-09-03T07:54:46","date_gmt":"2010-09-03T05:54:46","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/12015\/wti-oil-trading-near-75-awaits-latest-us-jobs-report\/"},"modified":"2010-09-03T07:54:46","modified_gmt":"2010-09-03T05:54:46","slug":"wti-oil-trading-near-75-awaits-latest-us-jobs-report","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/12015\/wti-oil-trading-near-75-awaits-latest-us-jobs-report\/","title":{"rendered":"WTI oil trading near $75, awaits latest US jobs report"},"content":{"rendered":"

WTI oil prices are trading near the $75 mark on Friday morning in Asia as investors prepare for the latest report on the US job market, due out later today.<\/p>\n

US Light crude oil futures for October 2010 delivery was trading at $74.70, 06.30 GMT on the NYMEX.<\/p>\n

Gulf Oil Explosion Helps WTI Oil Advance<\/strong><\/p>\n

WTI oil futures advanced late yesterday afternoon as another Gulf of Mexico oil platform exploded, sending renewed concerns for oil spills in the region.<\/p>\n

News that the oil platform owned by Mariner Energy exploded in the Gulf helped modestly support prices, which climbed 1.5 percent yesterday, following a 3 percent jump during the previous session.<\/p>\n

This new crisis in the Gulf is unlikely to move WTI oil prices dramatically because the US delivers only a small amount of crude oil to the world market, experts pointed out.<\/p>\n

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