WTI crude oil trading near $99 as US dollar strengthens<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WTI crude oil futures open Monday’s trading session weaker, below $99 a barrel as the US dollar strengthened in currency markets, as seen by upward movements on the ICE Dollar Index. Latest WTI Oil Price US Light crude oil futures for June 2011 delivery was trading at $98.74 a barrel, 08.35 GMT this morning in electronic trading on the NYMEX. Long positions in US oil futures by managed money investors fell 13 percent, or 38,110 futures and options combined, to 255,713 in the week ended 10th May, according to the CFTC (Commodity Futures Trading Commission). US Dollar – Margin Requirements “Given the lack of fresh catalysts in the market, sentiment has veered towards focusing on external factors, such as the macroeconomy, the US dollar and margin requirements.” said oil strategists at Barclays Capital. However, the Barclays Capital oil strategists said that they believe peripheral issues are unlikely to have any fundamental impact on the oil market. External issues may continue to impact sentiment in the short term, keeping prices volatile, they said, but the overall trend in prices should be higher. <\/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-14000","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\/14000","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=14000"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14000\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}