{"id":14193,"date":"2011-06-16T06:17:40","date_gmt":"2011-06-16T04:17:40","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14193\/oil-tumbles-as-us-data-disappoints-and-greek-uncertainties-increase\/"},"modified":"2011-06-16T06:17:40","modified_gmt":"2011-06-16T04:17:40","slug":"oil-tumbles-as-us-data-disappoints-and-greek-uncertainties-increase","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14193\/oil-tumbles-as-us-data-disappoints-and-greek-uncertainties-increase\/","title":{"rendered":"Oil Tumbles as US Data Disappoints and Greek Uncertainties Increase"},"content":{"rendered":"<p>Financial markets slumped as Eurozone debt concerns and disappointing US data greatly damped risk appetite. Safe-havens such as USD and gold strengthened, signaled investors lacked confidence over economic outlook. Wall Street tumbled with DJIA and S&P 500 losing -1.48% and -1.74% respectively. In the commodity sector, the WTI crude contract for July delivery slipped -4.59% while the equivalent Brent crude contract (expired on June 15) fell -2.55%. The Brent contract for August delivery plummeted -5.31%. Gold soared to 1535.7 in the NY session but ended the day largely flat. Steady trading despite strength in USD indicated robust demand for the metal.<\/p>\n<div>\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=kQv9EYLbOmY:3pbbxb6HJ1g:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=kQv9EYLbOmY:3pbbxb6HJ1g:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=kQv9EYLbOmY:3pbbxb6HJ1g:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=kQv9EYLbOmY:3pbbxb6HJ1g:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=kQv9EYLbOmY:3pbbxb6HJ1g:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=kQv9EYLbOmY:3pbbxb6HJ1g:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=kQv9EYLbOmY:3pbbxb6HJ1g:l6gmwiTKsz0\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=l6gmwiTKsz0\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=kQv9EYLbOmY:3pbbxb6HJ1g:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=kQv9EYLbOmY:3pbbxb6HJ1g:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/OngFocus\/~4\/kQv9EYLbOmY\" height=\"1\" width=\"1\" \/><\/p>\n<p>The rest is here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/feedproxy.google.com\/~r\/OngFocus\/~3\/kQv9EYLbOmY\/\" title=\"Oil Tumbles as US Data Disappoints and Greek Uncertainties Increase\">Oil Tumbles as US Data Disappoints and Greek Uncertainties Increase<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial markets slumped as Eurozone debt concerns and disappointing US data greatly damped risk appetite. Safe-havens such as USD and gold strengthened, signaled investors lacked confidence over economic outlook. Wall Street tumbled with DJIA and S&#038;P 500 losing -1.48% and -1.74% respectively. In the commodity sector, the WTI crude contract for July delivery slipped -4.59% while the equivalent Brent crude contract (expired on June 15) fell -2.55%. The Brent contract for August delivery plummeted -5.31%. Gold soared to 1535.7 in the NY session but ended the day largely flat. Steady trading despite strength in USD indicated robust demand for the metal. <\/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-14193","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\/14193","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=14193"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14193\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}