WTI oil prices in 2011, most bet $100 plus oil is ahead<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WTI oil prices are set to finish the year around $90 a barrel and 2011 looks bullish for crude oil prices, according to many analysts and investors. Latest WTI Oil Price US Light crude oil futures for February 2011 delivery was trading at $89.50 a barrel, 08.00 GMT this morning on the NYMEX. Meanwhile, the ICE US Dollar Index, which measures the US dollar against a basket of six major world currencies, eased to 79.471 from its 79.515 level in late trading on Thursday. Oil Prices in the Spring of 2011 In a live poll by the WSJ, nearly 50 percent of voters believe that oil prices in the spring of 2011 will be above $100 per barrel. See chart below: 2011 – A Record Breaking Year for Oil Prices? US Light oil prices last hit the $100 mark in October 2008, after reaching an all time high of $147 in the summer of that year. That super spike in oil prices is thought to have been created thanks to oil price speculators. The million dollar question is will this happen again, and if so, is 2011 an oil bubble repeat of 2008? Going Long on Oil and Commodities Next Year With alot of uncertainty in currency markets, it’s looking like most traders will be going long on oil early in 2011 (betting that oil prices will rise) even though it seems that a new bubble maybe emerging in the market. Brent oil price nears $95, crude market looks bullish WTI oil trading near $84 on latest US oil supply figures WTI oil trading over $80 as investors turn bullish on oil WTI oil price closes under $74 a barrel on higher dollar Crude oil prices hammered lower as stock markets tumble WTI oil trading firm over $91 amid higher US oil data WTI oil price trading firm at $91, $150 by summer 2011? WTI oil price firm at $90 on weaker US oil inventories WTI oil price nears $89, ICE Dollar Index lacks direction WTI oil prices remain bullish amid stronger US dollar WTI oil price trading near $88 on profit taking, dollar Crude oil prices hit 2 year highs, traders eyeing $100 oil Brent oil price closes over $91 mark, $100 oil for 2011? WTI oil price at 2 year high near $88 on demand, US data WTI oil price weakens to $83, eyes on US dollar v Euro WTI oil trading over $88, all bad news for US consumers 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 trading at $82 on mixed US oil supply data, dollar WTI oil price trading firm over $82 on falling US dollar <\/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-12905","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\/12905","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=12905"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/12905\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=12905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=12905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=12905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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