Brent oil firm over $91 amid strong ICE Dollar Index<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Brent oil futures end the week’s trading session firm over $91 a barrel amid a strong US dollar, as seen by the ICE Dollar Index, which continues to hold out over 80. Brent Oil Futures \u2013 Closing Price Brent crude oil futures for February 2011 delivery ended the week at $91.67 on the ICE Futures Exchange, $1.12 a barrel higher than last week\u2019s close of $90.55 a barrel. Meanwhile, the ICE Dollar Index, which tracks the US dollar against six major world currencies rose to 80.362. Euro Debt Concerns Lift US Dollar The US dollar rallied today against most of the major currencies once again using its appeal as a safe haven currency. The rally started during the European trading session after Moody’s slashed Ireland’s credit rating by five notches at once, lowering it to Baa1 from Aa2, warning also that more downgrades might follow soon. However, Brent oil prices rose on Friday despite the stronger dollar and amid improving world oil demand. Oil prices have also been lifted by the latest US data showing US crude oil reserves sank a massive 9.9 million barrels in the week to 10th December. “Buoyed by a positive set of DoE statistics, oil prices consolidated further in their current range. The latest weekly data were extremely constructive all around.” analysts from Barclays Capital said in a report. Brent oil futures trading at $91, US dollar remains firm Brent oil trading steady over $91 on weaker US dollar Brent oil price hits $87 mark amid stronger US dollar Brent oil trading firm near $88 amid higher Dollar Index Brent oil trading over $88, ICE Dollar Index at 2010 lows Brent oil futures trading near $83 on flat ICE Dollar Index Brent oil price dips to $90 as US dollar strengthens Brent oil trading near $86 as ICE Dollar Index peaks Brent oil trading over $86 on weaker ICE Dollar Index Brent crude oil trading at $85 on firmer ICE Dollar Index WTI oil price nears $82 amid surging ICE Dollar Index Brent oil futures back near $83 as stock markets sell off Brent oil price firm over $84 as ICE Dollar Index falls WTI oil trading at $85 as ICE Dollar Index holding gains Brent oil price finishes week six percent higher, over $88 Brent oil trading over $85, US Fed & dollar price drivers Brent oil price nears $85 on weaker US Dollar Index Brent oil trading near $78 as Dollar Index moves higher Brent oil trading firm at $78, eyes on US Dollar Index Brent oil trading firm at $78 as ICE Dollar Index falls <\/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-12799","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\/12799","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=12799"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/12799\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=12799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=12799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=12799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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