{"id":12222,"date":"2010-10-04T08:59:43","date_gmt":"2010-10-04T06:59:43","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/12222\/wti-oil-trading-near-82-as-investors-look-to-commodities\/"},"modified":"2010-10-04T08:59:43","modified_gmt":"2010-10-04T06:59:43","slug":"wti-oil-trading-near-82-as-investors-look-to-commodities","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/12222\/wti-oil-trading-near-82-as-investors-look-to-commodities\/","title":{"rendered":"WTI oil trading near $82 as investors look to commodities"},"content":{"rendered":"

WTI oil prices open the week trading firm near $82 a barrel as investors look to commodities including gold and oil futures as the US dollar continues to loose value.<\/p>\n

US Light crude oil futures for November 2010 delivery was trading at $81.57, 07.45 GMT on the NYMEX this morning.<\/p>\n

Investors are also betting on tighter market conditions in the shorter term, reflecting greater interest for commodities.<\/p>\n

Money managers raised net long crude oil positions to more than 107,000 on the NYMEX in the week through to 28th September from less than 97,000 a week earlier, the US Commodity Futures Trading Commission said on Friday.<\/p>\n

And open interest on call options to buy US WTI crude for November 2010 at $85 a barrel jumped to almost 12,500 lots from less than 7,200.<\/p>\n

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