{"id":14085,"date":"2011-05-30T09:21:22","date_gmt":"2011-05-30T07:21:22","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14085\/wti-oil-trading-near-100-on-higher-opec-output-expectations\/"},"modified":"2011-05-30T09:21:22","modified_gmt":"2011-05-30T07:21:22","slug":"wti-oil-trading-near-100-on-higher-opec-output-expectations","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14085\/wti-oil-trading-near-100-on-higher-opec-output-expectations\/","title":{"rendered":"WTI oil trading near $100 on higher OPEC output expectations"},"content":{"rendered":"

WTI oil futures open Monday’s trading session back near $100 a barrel as analysts guess that OPEC oil output has been boosted, with expectations that higher global oil output may cap the recent rise in crude oil prices. Latest WTI Oil Price US Light crude oil futures for July 2011 delivery was trading at $99.91 a barrel, 08.10 GMT this morning in electronic trading on the NYMEX. OPEC Oil Output – May 2011 OPEC is expected to average 28.90 million barrels per day for May 2011 to help cover the gap in oil output losses from Libya, but this figure is only up from a revised 28.79 million barrels per day for April. Light Holiday Trading Meanwhile, the US driving season traditionally kicks off on the weekend of Memorial Day, a public holiday taking place today in America, while London traders were also out on Monday for a bank holiday, so trading is expected to be light today. <\/p>\n

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\nWTI oil trading near $100 on higher OPEC output expectations<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

WTI oil futures open Monday’s trading session back near $100 a barrel as analysts guess that OPEC oil output has been boosted, with expectations that higher global oil output may cap the recent rise in crude oil prices. Latest WTI Oil Price US Light crude oil futures for July 2011 delivery was trading at $99.91 a barrel, 08.10 GMT this morning in electronic trading on the NYMEX. OPEC Oil Output – May 2011 OPEC is expected to average 28.90 million barrels per day for May 2011 to help cover the gap in oil output losses from Libya, but this figure is only up from a revised 28.79 million barrels per day for April. Light Holiday Trading Meanwhile, the US driving season traditionally kicks off on the weekend of Memorial Day, a public holiday taking place today in America, while London traders were also out on Monday for a bank holiday, so trading is expected to be light today. <\/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-14085","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\/14085","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=14085"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14085\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}