{"id":13791,"date":"2011-04-21T08:18:00","date_gmt":"2011-04-21T06:18:00","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/13791\/brent-oil-price-trading-near-125-on-weak-us-dollar-index\/"},"modified":"2011-04-21T08:18:00","modified_gmt":"2011-04-21T06:18:00","slug":"brent-oil-price-trading-near-125-on-weak-us-dollar-index","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/13791\/brent-oil-price-trading-near-125-on-weak-us-dollar-index\/","title":{"rendered":"Brent oil price trading near $125 on weak US dollar Index"},"content":{"rendered":"<p><p>Brent oil prices open today&#8217;s trading session back near $125 a barrel, while oil and other commodities see a fresh boost as the US dollar falls lower in currency markets, as seen by a weaker ICE US Dollar Index.<\/p>\n<p><strong>Latest Brent Oil Price<\/strong><\/p>\n<p>In London, ICE Brent crude oil futures for June 2011 delivery was trading at $124.64 a barrel, 07.10 GMT this morning on the ICE Futurues Exchange.<\/p>\n<p><strong>US Dollar Index at 74<\/strong><\/p>\n<p>The ICE US Dollar Index, which tracks the US dollar against six major world currencies dropped to 74.09, from 74.384 in late trading on Wednesday.<\/p>\n<p>Oil futures have largely tracked the weaker US dollar in recent sessions, which has been sliding since Standard & Poor&#8217;s warned that the US credit rating was threatened by rising debt levels.<\/p>\n<p>A weaker US dollar typically boosts oil prices by making the commodity cheaper for buyers using other currencies.<\/p>\n<\/p>\n<p>See original here:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/04\/2011\/brent-oil-price-trading-near-125-on-weak-us-dollar-index.html\" title=\"Brent oil price trading near $125 on weak US dollar Index\">Brent oil price trading near $125 on weak US dollar Index<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Brent oil prices open today&#8217;s trading session back near $125 a barrel, while oil and other commodities see a fresh boost as the US dollar falls lower in currency markets, as seen by a weaker ICE US Dollar Index. Latest Brent Oil Price In London, ICE Brent crude oil futures for June 2011 delivery was trading at $124.64 a barrel, 07.10 GMT this morning on the ICE Futurues Exchange. US Dollar Index at 74 The ICE US Dollar Index, which tracks the US dollar against six major world currencies dropped to 74.09, from 74.384 in late trading on Wednesday. Oil futures have largely tracked the weaker US dollar in recent sessions, which has been sliding since Standard &#038; Poor&#8217;s warned that the US credit rating was threatened by rising debt levels. A weaker US dollar typically boosts oil prices by making the commodity cheaper for buyers using other currencies. <\/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-13791","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\/13791","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=13791"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13791\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=13791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=13791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=13791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}