{"id":14806,"date":"2011-08-31T09:59:27","date_gmt":"2011-08-31T07:59:27","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14806\/brent-oil-price-trading-over-114-us-dollar-back-in-focus\/"},"modified":"2011-08-31T09:59:27","modified_gmt":"2011-08-31T07:59:27","slug":"brent-oil-price-trading-over-114-us-dollar-back-in-focus","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14806\/brent-oil-price-trading-over-114-us-dollar-back-in-focus\/","title":{"rendered":"Brent oil price trading over $114, US dollar back in focus"},"content":{"rendered":"<p><p>Brent oil prices are back over $114 a barrel this week as six straight days of trading gains see the European oil contract boosted by expectations the US will act again to try to stimulate it&#8217;s economy.<\/p>\n<p><strong>Latest Brent Oil Price<\/strong><\/p>\n<p>In London, Brent crude oil futures for October 2011 delivery was trading at $114.47, 08.30 GMT this morning on the ICE Futures Exchange.<\/p>\n<p><strong>ICE US Dollar Index<\/strong><\/p>\n<p>Meanwhile, the ICE US Dollar Index, which tracks the US dollar against six major world currencies made slight gains and was back over 74 after settling yesterday at 73.996.<\/p>\n<p>If the US dollar manages to bounce higher and gathers upward momentum then that could spark further weakness in commodities, including oil prices.<\/p>\n<p><strong>US Economy and The Dollar<\/strong><\/p>\n<p>However, the US dollar fell against the yen and euro in ealry trading on Wednesday in Asia, as investors speculate that growing pessimism toward the American economic outlook will likely keep US Treasury yields low for a prolonged period.<\/p>\n<p>Further weakening in the dollar is &#8220;very likely&#8221; because US yields have been falling rapidly, suggesting deteriorating consumer and business sentiment regarding the world&#8217;s largest economy, according to Nomura Trust & Banking senior currency trader Hideki Amikura.<\/p>\n<\/p>\n<p>See more here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/08\/2011\/brent-oil-price-trading-over-114-us-dollar-back-in-focus.html\" title=\"Brent oil price trading over $114, US dollar back in focus\">Brent oil price trading over $114, US dollar back in focus<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Brent oil prices are back over $114 a barrel this week as six straight days of trading gains see the European oil contract boosted by expectations the US will act again to try to stimulate it&#8217;s economy. Latest Brent Oil Price In London, Brent crude oil futures for October 2011 delivery was trading at $114.47, 08.30 GMT this morning on the ICE Futures Exchange. ICE US Dollar Index Meanwhile, the ICE US Dollar Index, which tracks the US dollar against six major world currencies made slight gains and was back over 74 after settling yesterday at 73.996. If the US dollar manages to bounce higher and gathers upward momentum then that could spark further weakness in commodities, including oil prices. US Economy and The Dollar However, the US dollar fell against the yen and euro in ealry trading on Wednesday in Asia, as investors speculate that growing pessimism toward the American economic outlook will likely keep US Treasury yields low for a prolonged period. Further weakening in the dollar is &#8220;very likely&#8221; because US yields have been falling rapidly, suggesting deteriorating consumer and business sentiment regarding the world&#8217;s largest economy, according to Nomura Trust &#038; Banking senior currency trader Hideki Amikura. <\/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-14806","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\/14806","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=14806"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14806\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}