WTI oil futures trading over $89, prices remain bullish<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WTI oil futures open today’s trading session over $89 after marking its highest close in more than two years yesterday, with traders and investors remaining bullish for prices in the closing weeks of 2010. Latest WTI Oil Price US Light crude oil futures for January 2011 delivery was trading at $89.24 a barrel, 07.00 GMT this morning on the NYMEX, fluctuating between positive and negative territory in trading yesterday, hitting a fresh 26 month high of $89.76 a barrel before pulling back. “The bulls are still in control of this thing. The market hasn’t had any real downside follow through.” said Tom Bentz, analyst with BNP Paribas in New York. Traders will also be looking at the US Department of Energy’s weekly report on crude oil stockpiles due out tomorrow. Analysts expect crude oil inventories will have a 1.5 million barrel drawdown for the week ending 3rd December, which may offer an additional support for oil prices. Goldman Sachs and $110 Oil “Looking toward 2012, the stage is set for a return to a structural bull market in oil, with a new 2012 WTI price forecast of $110 a barrel.” said Goldman Sachs analysts last week. Goldman are also upbeat about the outlook for 2011, reiterating their $100 a barrel average 2011 price forecast for WTI, based on the expected draw on OPEC spare capacity next year. WTI oil futures end under $82, a bullish end to 2010? WTI oil trading over $73 as stock markets lift oil prices Crude oil prices hit 2 year highs, traders eyeing $100 oil WTI oil futures close firm near $84, US Dollar Index gains WTI oil trading over $88, all bad news for US consumers WTI oil trading near $87, hovering at 2010 highs WTI oil price firm over $87 & rising on weak US dollar WTI oil price at 2010 highs over $87 on weak US dollar WTI oil price heads back under $72 on latest US data Light oil price trading up as US dollar takes a knock WTI oil ends week trading over $89 on higher demand WTI oil price at 2 year high near $88 on demand, US data WTI oil trading firm over $86, eyes on US Dollar Index WTI oil trading over $85, world crude oil supply in focus WTI oil price nears $85 amid mixed signals in Europe WTI oil price weakens to $83, eyes on US dollar v Euro WTI oil price nears $82 amid surging ICE Dollar Index WTI oil price nears $83 on weaker ICE Dollar Index WTI oil price near $84, traders await US oil supply report WTI oil futures trading near $86, eyes on US dollar <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12703","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\/12703","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=12703"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/12703\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=12703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=12703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=12703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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