{"id":14494,"date":"2011-07-25T09:56:26","date_gmt":"2011-07-25T07:56:26","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14494\/brent-oil-price-remains-volatile-as-debt-concerns-spook-markets\/"},"modified":"2011-07-25T09:56:26","modified_gmt":"2011-07-25T07:56:26","slug":"brent-oil-price-remains-volatile-as-debt-concerns-spook-markets","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14494\/brent-oil-price-remains-volatile-as-debt-concerns-spook-markets\/","title":{"rendered":"Brent oil price remains volatile as debt concerns spook markets"},"content":{"rendered":"

Brent crude futures will have an uncertain week’s trading as debt concerns in the US spook markets after US lawmakers failed to break a debt impasse that threatens to trigger a default and up end global financial markets.<\/p>\n

Latest Brent Oil Price<\/strong><\/p>\n

In London, Brent crude oil futures for September 2011 delivery was trading at $117.78 a barrel, 08.30 GMT this morning on the iCE Futures Exchange.<\/p>\n

A senior Indian government official said the Obama administration and lawmakers must be well aware of the consequences for global markets of failing to reach a deal.<\/p>\n

“If you look at the world markets, they are jittery though they have not nose dived, perhaps reflecting hope of a solution.” the official said.<\/p>\n

Both Brent and US WTI oil prices will have a hard time keeping in this price range if a default in the US becomes reality as oil demand is also an important factor for oil futures, which could fall off a cliff if the US debt talks fail.<\/p>\n<\/p>\n

Continued here:
\nBrent oil price remains volatile as debt concerns spook markets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Brent crude futures will have an uncertain week’s trading as debt concerns in the US spook markets after US lawmakers failed to break a debt impasse that threatens to trigger a default and up end global financial markets. Latest Brent Oil Price In London, Brent crude oil futures for September 2011 delivery was trading at $117.78 a barrel, 08.30 GMT this morning on the iCE Futures Exchange. A senior Indian government official said the Obama administration and lawmakers must be well aware of the consequences for global markets of failing to reach a deal. “If you look at the world markets, they are jittery though they have not nose dived, perhaps reflecting hope of a solution.” the official said. Both Brent and US WTI oil prices will have a hard time keeping in this price range if a default in the US becomes reality as oil demand is also an important factor for oil futures, which could fall off a cliff if the US debt talks fail. <\/p>\n","protected":false},"author":7,"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-14494","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\/14494","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=14494"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14494\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}