{"id":14807,"date":"2011-08-31T09:41:42","date_gmt":"2011-08-31T07:41:42","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14807\/wti-oil-trading-near-89-whilst-us-inventories-climb-higher\/"},"modified":"2011-08-31T09:41:42","modified_gmt":"2011-08-31T07:41:42","slug":"wti-oil-trading-near-89-whilst-us-inventories-climb-higher","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14807\/wti-oil-trading-near-89-whilst-us-inventories-climb-higher\/","title":{"rendered":"WTI oil trading near $89 whilst US inventories climb higher"},"content":{"rendered":"<p><p>WTI oil futures open Wednesday&#8217;s trading session higher, near $89 a barrel whilst the latest weekly US oil inventory figures showed that American crude oil supplies unexpectedly jumped last week, a sign demand may be weakening.<\/p>\n<p><strong>Latest WTI Oil Price<\/strong><\/p>\n<p>US Light crude oil futures for October 2011 delivery was trading at $88.73 a barrel, 08.20 GMT this morning in electronic trading on the NYMEX.<\/p>\n<p><strong>US Oil Inventories<\/strong><\/p>\n<p>The US API (American Petroleum Institute) said late on Tuesday that US crude oil inventories rose 5.1 million barrels last week while analysts had predicted a drop of 1.2 million barrels.<\/p>\n<p>&#8220;Inventories continue to build, which gives us the real state of play in the market. I don\u2019t think prices will go higher, I think we\u2019re in a range and we\u2019re just testing the top side of that.&#8221; said Jonathan Barratt, a managing director of Commodity Broking Services, Sydney.<\/p>\n<p>US crude oil supplies rose to 352 million and are currently about 3.8 percent above the 5 year average.<\/p>\n<\/p>\n<p>Go here to see the original:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/08\/2011\/wti-oil-trading-near-89-whilst-us-inventories-climb-higher.html\" title=\"WTI oil trading near $89 whilst US inventories climb higher\">WTI oil trading near $89 whilst US inventories climb higher<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> WTI oil futures open Wednesday&#8217;s trading session higher, near $89 a barrel whilst the latest weekly US oil inventory figures showed that American crude oil supplies unexpectedly jumped last week, a sign demand may be weakening. Latest WTI Oil Price US Light crude oil futures for October 2011 delivery was trading at $88.73 a barrel, 08.20 GMT this morning in electronic trading on the NYMEX. US Oil Inventories The US API (American Petroleum Institute) said late on Tuesday that US crude oil inventories rose 5.1 million barrels last week while analysts had predicted a drop of 1.2 million barrels. &#8220;Inventories continue to build, which gives us the real state of play in the market. I don\u2019t think prices will go higher, I think we\u2019re in a range and we\u2019re just testing the top side of that.&#8221; said Jonathan Barratt, a managing director of Commodity Broking Services, Sydney. US crude oil supplies rose to 352 million and are currently about 3.8 percent above the 5 year average. <\/p>\n","protected":false},"author":8,"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-14807","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\/14807","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=14807"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14807\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}