WTI oil trading at $104, Middle East still driving oil prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WTI oil futures open Tuesday’s trading session back around $104 a barrel as tensions in the Middle East are still seen as the main driver for short term oil price direction, keeping US Light crude oil prices floating over the $100 mark. Latest WTI Oil Price US Light crude oil futures for May 2011 delivery was trading at $103.84 a barrel, 06.30 GMT this morning in electronic trading on the NYMEX. With oil prices holding above triple digits for more than a week, any signs of increasing oil exports out of the Middle East could help lower crude oil prices. But continued unrest across the Middle East and North Africa has kept investors wary of betting on a significant drop anytime soon. US Fed Policy and WTI Oil Prices Meanwhile, US Federal Reserve officials have begun to hint that the US central bank may soon end its stimulus efforts. US Federal Reserve Bank of St. Louis President James Bullard said Saturday that it could be a good idea for the Fed to end its quantitative easing program earlier than planned given a strengthening in the US economy. “One of the major reasons why oil prices are above $100 a barrel has been Fed policy. You can’t underestimate the impact should they start to take that away.” said Phil Flynn, oil analyst at PFGBest. WTI oil firm at $103, traders eye Libya, Middle East supplies WTI oil trading at $103, Bahrain pushing oil prices higher WTI crude oil opens trading over $106, will go higher WTI crude oil trading over $101 prices look very bullish WTI oil price closes week at 30 month high over $105 Brent crude trading at $115, Middle East still driving oil prices Brent oil trading near $115, Middle East driving oil prices WTI oil trading at $105, China & US demand supports prices WTI oil trading over $103 on Libya & Middle East concerns WTI oil trading firm over $98 after EIA oil inventory data WTI oil trading at $97, Japan crisis could reverse oil prices WTI oil trading near $105 amid rising US oil inventories WTI oil trading near $92 as Middle East tensions rise WTI oil trading at $86, analysts forecast higher oil prices WTI oil price trades back under $90 on US crude oil data WTI oil price trading near $91 on weaker US dollar WTI oil trading over $85, world crude oil supply in focus WTI oil trading near $87, hovering at 2010 highs Brent oil price nears $116, traders eye Libyan conflict WTI oil price ends week at $101 on Middle East & Libya <\/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-13586","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\/13586","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=13586"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13586\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=13586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=13586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=13586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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