{"id":14520,"date":"2011-07-27T08:59:11","date_gmt":"2011-07-27T06:59:11","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14520\/wti-oil-trading-near-99-as-us-crude-inventories-increase\/"},"modified":"2011-07-27T08:59:11","modified_gmt":"2011-07-27T06:59:11","slug":"wti-oil-trading-near-99-as-us-crude-inventories-increase","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14520\/wti-oil-trading-near-99-as-us-crude-inventories-increase\/","title":{"rendered":"WTI oil trading near $99 as US crude inventories increase"},"content":{"rendered":"<p><p>WTI oil futures open Wednesday&#8217;s trading session hovering at $99 a barrel after Tuesday&#8217;s data from the US API (American Petroleum Institute) showed that US oil inventories increased last week.<\/p>\n<p><strong>Latest WTI Oil Price<\/strong><\/p>\n<p>US Light crude oil futures for September 2011 delivery was trading at $99.25 a barrel, 07.40 GMT this morning in electronic trading on the NYMEX.<\/p>\n<p><strong>US Oil Inventory Rise<\/strong><\/p>\n<p>US crude oil inventories rose 3.96 million barrels on the week ended 22nd July, acording to the American Petroleum Institute, the biggest increase in three months. Analysts had expected the report to show crude oil inventories falling 1 million to 2 million barrels.<\/p>\n<p>The US Energy Department&#8217;s Energy Information Administration reports its weekly supply data later today.<\/p>\n<p>&#8220;The main driver of the oil market will be the demand and supply situation. Oil prices may be range bound until the American debt issue is resolved.&#8221; said Ken Hasegawa, a commodity derivatives sales manager at broker Newedge Group in Tokyo, who predicts WTI oil prices will trade between $97.50 and $101.50 a barrel this week.<\/p>\n<\/p>\n<p>See more here:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/07\/2011\/wti-oil-trading-near-99-as-us-crude-inventories-increase.html\" title=\"WTI oil trading near $99 as US crude inventories increase\">WTI oil trading near $99 as US crude inventories increase<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> WTI oil futures open Wednesday&#8217;s trading session hovering at $99 a barrel after Tuesday&#8217;s data from the US API (American Petroleum Institute) showed that US oil inventories increased last week. Latest WTI Oil Price US Light crude oil futures for September 2011 delivery was trading at $99.25 a barrel, 07.40 GMT this morning in electronic trading on the NYMEX. US Oil Inventory Rise US crude oil inventories rose 3.96 million barrels on the week ended 22nd July, acording to the American Petroleum Institute, the biggest increase in three months. Analysts had expected the report to show crude oil inventories falling 1 million to 2 million barrels. The US Energy Department&#8217;s Energy Information Administration reports its weekly supply data later today. &#8220;The main driver of the oil market will be the demand and supply situation. Oil prices may be range bound until the American debt issue is resolved.&#8221; said Ken Hasegawa, a commodity derivatives sales manager at broker Newedge Group in Tokyo, who predicts WTI oil prices will trade between $97.50 and $101.50 a barrel this week. <\/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-14520","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\/14520","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=14520"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14520\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}