WTI oil trading near $107 as US debt warning hits markets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WTI oil futures open Tuesday’s trading session back near $107 a barrel after ratings agency Standard and Poor’s cut its outlook on US government debt, while stock markets headed broadly lower. Latest WTI Oil Price US Light crude oil futures for June 2011 delivery was trading at $107.34 a barrel, 06.40 GMT this morning in electronic trading on the NYMEX. The US WTI contract closed off Monday’s session down over 2 percent. US Debt Goes Negative Standard and Poor’s lowered its outlook to negative from stable, drawing attention to the mounting debt and political gridlock in the US and sending investors running from riskier assets including oil futures. “Let’s face it, it’s a wake-up call. S&P has sent us a warning sign, and, in the meantime, the market is pricing in the what if?’” said Phil Flynn, an oil analyst with PFGBest in Chicago. Despite Monday’s sell off, OPEC secretary general Abdullah El-Badri said the oil cartel was concerned by high oil prices. “We see that there is a $15 tyo $20 premium risk at this time.” Badri told reporters in Kuwait. WTI oil trading over $81 on US crude oil inventory drop WTI oil trading at $82, down 3 percent on weak markets WTI oil trading near $87, hovering at 2010 highs WTI oil futures trading lower, near $108 on demand concern WTI oil trading over $111, IMF joins the peak oilers party WTI oil trading over $108 on Libya, Middle East tensions WTI oil trading at $107, prices rise on Libya supply concern WTI oil trading firm over $104 amid higher US inventories WTI oil trading at $104, Middle East still driving oil prices WTI oil trading at $103, Bahrain pushing oil prices higher WTI oil trading firm over $98 after EIA oil inventory data WTI crude oil opens trading over $106, will go higher WTI oil trading near $89, US Dollar Index opens lower WTI oil trading back near $90 on surprise US oil data WTI oil trading over $85, world crude oil supply in focus WTI oil futures trading near $86, eyes on US dollar WTI oil trading back over $107 on latest US supply data WTI oil opens trading at $113, crude market remains volatile WTI oil price trading at $108, sets a new 28 month high WTI oil price ends week trading at $108, a new 2011 high <\/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-13770","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\/13770","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=13770"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13770\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=13770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=13770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=13770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}