{"id":14343,"date":"2011-07-08T07:06:24","date_gmt":"2011-07-08T05:06:24","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14343\/oil-rallies-on-strong-us-job-data-wti-brent-spread-widens\/"},"modified":"2011-07-08T07:06:24","modified_gmt":"2011-07-08T05:06:24","slug":"oil-rallies-on-strong-us-job-data-wti-brent-spread-widens","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14343\/oil-rallies-on-strong-us-job-data-wti-brent-spread-widens\/","title":{"rendered":"Oil Rallies on Strong US Job Data. WTI-Brent Spread Widens"},"content":{"rendered":"

The market was at a 'risk on' mode as supported by strong economic data. Better-than-expected ADP payrolls and jobless claims data sent Wall Street higher and raised optimism on the June non-farm payroll which is due today. In the commodity sector, oil price rallied further with the front-month contract for WTI crude oil jumped to a 3-week high of 99.42 before settling at 98.67, up +1.04%, while the equivalent Brent crude contract surged to as high as 118.7 before closing at 118.59, up +4.37%. As crude prices have returned to levels before IEA's announcement of SPR release, the WTI-Brent spread widened again to as much as $20\/bbl. Gold fluctuated between 1520 and 1535 but ended flat at 1530.6. The metal was torn between higher risk appetite and a weaker US dollar.<\/p>\n

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The rest is here:
\nOil Rallies on Strong US Job Data. WTI-Brent Spread Widens<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The market was at a 'risk on' mode as supported by strong economic data. Better-than-expected ADP payrolls and jobless claims data sent Wall Street higher and raised optimism on the June non-farm payroll which is due today. In the commodity sector, oil price rallied further with the front-month contract for WTI crude oil jumped to a 3-week high of 99.42 before settling at 98.67, up +1.04%, while the equivalent Brent crude contract surged to as high as 118.7 before closing at 118.59, up +4.37%. As crude prices have returned to levels before IEA's announcement of SPR release, the WTI-Brent spread widened again to as much as $20\/bbl. Gold fluctuated between 1520 and 1535 but ended flat at 1530.6. The metal was torn between higher risk appetite and a weaker US dollar. <\/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-14343","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\/14343","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=14343"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14343\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}