WTI oil trading near $84, higher prices depend on dollar<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WTI oil futures are trading higher and nearing $84 a barrel this morning as it becomes crystal clear to investors that a weaker US dollar is going to push up commodity prices. Shouldn’t they know that anyway? US Light crude oil futures for November 2010 delivery was trading at $83.93 a barrel, 07.45 on the NYMEX and looks to have support to go higher, all thanks to dollar weakness. US Dollar Index Near 2010 Lows The US Dollar Index, which tracks the US dollar against the currencies of six major US trading partners, hit 77.301 yesterday, the lowest since January 19th 2010. Gold Prices are a Good Indicator of Oil Prices Gold prices surged to a record above $1,355 an ounce this morning, boosted by investors seeking to profit from weakness in the dollar. Gold is traded in US dollars as are oil futures, hence a higher gold price means a higher oil price. Some investors believe that gold prices will rocket over $2000 in the coming years. “It depends upon what your long term outlook is. I think gold’s going to $2000. So I mean you know you can buy it.” said Jim Cramer on US Mad Money show. WTI oil trading over $77 as US Dollar Index opens lower WTI crude oil trading higher, eyes on US data and dollar WTI oil prices firm at $76 as US dollar slides lower WTI oil trading over $80 as investors turn bullish on oil WTI oil futures trading up on higher markets in Asia WTI oil price trading over $75 on weaker US dollar WTI oil price hangs near $74 amid higher Dollar Index WTI oil trading back under $74, ICE Dollar Index gains WTI oil trading over $75, US hurricanes add strength Brent oil price back near $75 as ICE Dollar Index dips WTI oil price back near $72 amid a higher US dollar WTI oil price closes under $74 a barrel on higher dollar WTI oil trading flat at $75, US Dollar Index awaits direction WTI oil trading near $76 as US Dollar Index hits 82.50 WTI oil price trading at $81 as investors turn bullish Oil trading at $82, hanging onto gains amid mixed markets Oil trading lower, but will a falling dollar cushion oil prices Brent oil prices trading near $75, Euro markets turn lower WTI oil trading near $76 as US stock market opens lower WTI oil trading down 3 percent, near $73 on grim US data <\/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-12272","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\/12272","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=12272"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/12272\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=12272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=12272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=12272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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