{"id":13993,"date":"2011-05-14T08:56:50","date_gmt":"2011-05-14T06:56:50","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/13993\/wti-oil-futures-close-week-back-near-100-a-barrel\/"},"modified":"2011-05-14T08:56:50","modified_gmt":"2011-05-14T06:56:50","slug":"wti-oil-futures-close-week-back-near-100-a-barrel","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/13993\/wti-oil-futures-close-week-back-near-100-a-barrel\/","title":{"rendered":"WTI oil futures close week back near $100 a barrel"},"content":{"rendered":"<p><p>WTI oil futures end the week&#8217;s trading session back near $100 a barrel after a volatile trading session sparked by sharp moves in the US dollar and euro.<\/p>\n<p><strong>WTI Oil Futures \u2013 Closing Price<\/strong><\/p>\n<p>US Light crude oil futures for June 2011 delivery ended the week\u2019s trading session at $99.65 a barrel on the NYMEX, $1.52 higher than last week\u2019s closing price of $98.13.<\/p>\n<p>After a week long sell off, WTI oil futures regained some footing near $100 a barrel, but failed to settle above that level for a third day straight. That&#8217;s the longest string of sub $100 settlements since 1st March.<\/p>\n<p>The market danced to the tune emanating from currency markets, as the euro climbed early on news that first quarter gross domestic product rose 2.5% in the eurozone economies, compared with expectations of a 2.2% gain.<\/p>\n<p>A weaker US dollar makes crude and other dollar denominated commodities cheaper for some overseas investors. But lingering worries about sovereign debt gave the US dollar room to rebound.<\/p>\n<\/p>\n<p>See more here:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/05\/2011\/wti-oil-futures-close-week-back-near-100-a-barrel.html\" title=\"WTI oil futures close week back near $100 a barrel\">WTI oil futures close week back near $100 a barrel<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> WTI oil futures end the week&#8217;s trading session back near $100 a barrel after a volatile trading session sparked by sharp moves in the US dollar and euro. WTI Oil Futures \u2013 Closing Price US Light crude oil futures for June 2011 delivery ended the week\u2019s trading session at $99.65 a barrel on the NYMEX, $1.52 higher than last week\u2019s closing price of $98.13. After a week long sell off, WTI oil futures regained some footing near $100 a barrel, but failed to settle above that level for a third day straight. That&#8217;s the longest string of sub $100 settlements since 1st March. The market danced to the tune emanating from currency markets, as the euro climbed early on news that first quarter gross domestic product rose 2.5% in the eurozone economies, compared with expectations of a 2.2% gain. A weaker US dollar makes crude and other dollar denominated commodities cheaper for some overseas investors. But lingering worries about sovereign debt gave the US dollar room to rebound. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13993","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\/13993","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=13993"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13993\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=13993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=13993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=13993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}