Brent oil price trading over $92 amid strong US dollar<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Brent oil prices open Thursday’s trading session back over $92 a barrel, although the US dollar surged higher on currency markets yesterday after news that Spain may see a further credit rating downgrade. Latest Brent Oil Price In London, Brent crude oil futures for January 2011 delivery was trading at $92.15, 07.00 GMT this morning on the ICE Futures Exchange. The January 2011 Brent oil futures contract expires today. Meanwhile, the ICE Dollar Index, which tracks the US dollar against the six major world currencies was at 80.218 after rising over one percent yesterday, the biggest jump in more than three weeks. Spain Credit Rating Downgrade Talk Hurts Euro The US dollar rose against the euro after Moody\u2019s put Spain\u2019s credit rating on review, citing the high refinancing needs that the debt laden country will face in 2011. Moody’s said Wednesday that it may downgrade its ratings on Spanish government debt, citing Spain’s challenging refinancing needs for 2011. It seems that market confidence has changed since September, when Moody’s downgraded Spain’s credit rating by one notch to Aa1. A stronger US dollar makes dollar denominated crude oil futures more expensive for buyers in other currencies. Strength in the greenback can also push investment into foreign exchange markets and out of commoditiy markets, weighing on oil prices. Brent oil trading near $91 amid firm ICE Dollar Index Brent oil price trading near $74, European markets mixed Brent oil trading over $86 on weaker ICE Dollar Index Brent oil price ends week near $86 amid Euro concerns Brent crude oil trading at $85 on firmer ICE Dollar Index Brent oil price surges over $85 on holiday market rally Brent oil price hovers at $83 on stronger US dollar Brent oil price slips under $88 on higher ICE Dollar Index Brent oil price nears $90, trading forecast maybe higher Brent oil trading at $88, could test $90 this week Brent oil price trading over $87, nearing 2010 highs Brent oil price trading at six month high near $86 Brent oil price firm at $84, eyes on Fed and US dollar Brent oil price trades over $79 as the US dollar weakens Brent oil price trading near $77 amid US dollar gains Brent oil trading near $75 and prices could head lower Brent oil futures trading at $91, US dollar remains firm Brent oil price dips to $90 as US dollar strengthens Brent oil price closes over $91 mark, $100 oil for 2011? WTI oil trading firm over $86, eyes on US Dollar Index <\/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-12781","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\/12781","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=12781"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/12781\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=12781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=12781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=12781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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