{"id":12609,"date":"2010-11-25T04:08:32","date_gmt":"2010-11-25T03:08:32","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/12609\/oil-rallies-as-buoyed-by-wall-street\/"},"modified":"2010-11-25T04:08:32","modified_gmt":"2010-11-25T03:08:32","slug":"oil-rallies-as-buoyed-by-wall-street","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/12609\/oil-rallies-as-buoyed-by-wall-street\/","title":{"rendered":"Oil Rallies as Buoyed by Wall Street"},"content":{"rendered":"

Oil prices rebounded sharply in NY session although there were few pleasant surprises in the inventory report. We believe the rally was driven by short-covering and strength in Wall Street. DJIA and S&P 500 jumped +1.37% and +1.49% respectively due to stronger-than-expected US data. These upstaged sovereign woes in peripheral European economies and tensions on the Korean peninsula. The front-month contract for WTI crude oil rose to as high as 84.2 before settling at 83.86, up +3.21%. Fuel prices also soared with heating oil and gasoline gaining +3.37% and +3.72% respectively.<\/p>\n

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\nOil Rallies as Buoyed by Wall Street<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oil prices rebounded sharply in NY session although there were few pleasant surprises in the inventory report. We believe the rally was driven by short-covering and strength in Wall Street. DJIA and S&P 500 jumped +1.37% and +1.49% respectively due to stronger-than-expected US data. These upstaged sovereign woes in peripheral European economies and tensions on the Korean peninsula. The front-month contract for WTI crude oil rose to as high as 84.2 before settling at 83.86, up +3.21%. Fuel prices also soared with heating oil and gasoline gaining +3.37% and +3.72% respectively. <\/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-12609","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\/12609","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=12609"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/12609\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=12609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=12609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=12609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}