{"id":14752,"date":"2011-08-24T08:30:42","date_gmt":"2011-08-24T06:30:42","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14752\/wti-oil-trading-steady-near-85-as-us-crude-inventories-decline\/"},"modified":"2011-08-24T08:30:42","modified_gmt":"2011-08-24T06:30:42","slug":"wti-oil-trading-steady-near-85-as-us-crude-inventories-decline","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14752\/wti-oil-trading-steady-near-85-as-us-crude-inventories-decline\/","title":{"rendered":"WTI oil trading steady near $85 as US crude inventories decline"},"content":{"rendered":"<p><p>WTI oil futures open Wednesday&#8217;s trading session steady near $85 a barrel after the latest weekly crude oil inventory report out of America showed another fall in US oil stocks.<\/p>\n<p><strong>Latest WTI Oil Price<\/strong><\/p>\n<p>US crude oil futures for Octoer 2011 delivery was trading at $85.43 a barrel, 07.10 GMT this morning in electronic trading on on the NYMEX. WTI crude rose $1.02 to finish at $85.44 on Tuesday.<\/p>\n<p><strong>US Crude Oil Inventories<\/strong><\/p>\n<p>The US API (American Petroleum Institute) said late on Tuesday that crude oil inventories fell 3.3 million barrels last week while analysts had predicted an increase of 2.0 million barrels.<\/p>\n<p>Oil traders and investors are closely watching economic and oil data for evidence about the strength of US crude oil demand.<\/p>\n<p>&#8220;If we see a draw in the numbers, then that could provide some support to the oil price.&#8221; said Ben Westmore, a minerals and energy economist at National Australia Bank.<\/p>\n<\/p>\n<p>Go here to read the rest:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/08\/2011\/wti-oil-trading-steady-near-85-as-us-crude-inventories-decline.html\" title=\"WTI oil trading steady near $85 as US crude inventories decline\">WTI oil trading steady near $85 as US crude inventories decline<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> WTI oil futures open Wednesday&#8217;s trading session steady near $85 a barrel after the latest weekly crude oil inventory report out of America showed another fall in US oil stocks. Latest WTI Oil Price US crude oil futures for Octoer 2011 delivery was trading at $85.43 a barrel, 07.10 GMT this morning in electronic trading on on the NYMEX. WTI crude rose $1.02 to finish at $85.44 on Tuesday. US Crude Oil Inventories The US API (American Petroleum Institute) said late on Tuesday that crude oil inventories fell 3.3 million barrels last week while analysts had predicted an increase of 2.0 million barrels. Oil traders and investors are closely watching economic and oil data for evidence about the strength of US crude oil demand. &#8220;If we see a draw in the numbers, then that could provide some support to the oil price.&#8221; said Ben Westmore, a minerals and energy economist at National Australia Bank. <\/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-14752","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\/14752","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=14752"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14752\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}