{"id":15154,"date":"2011-10-14T10:21:37","date_gmt":"2011-10-14T08:21:37","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/15154\/brent-oil-price-flirts-with-112-a-barrel-on-china-inflation-data\/"},"modified":"2011-10-14T10:21:37","modified_gmt":"2011-10-14T08:21:37","slug":"brent-oil-price-flirts-with-112-a-barrel-on-china-inflation-data","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/15154\/brent-oil-price-flirts-with-112-a-barrel-on-china-inflation-data\/","title":{"rendered":"Brent oil price flirts with $112 a barrel on China inflation data"},"content":{"rendered":"

Brent oil futures open today’s trading session flirting with prices higher near $112 a barrel after the latest inflation data out of China edged down to 6.1 percent in September and China may loosen credit as inflation cools, boosting oil demand.<\/p>\n

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

In London, Brent crude oil futures for November 2011 delivery was trading at $112.25 a barrel, 09.00 GMT this morning on the ICE Futures Exchange.<\/p>\n

China and Oil Prices<\/strong><\/p>\n

Inflation in China edged down to 6.1 percent in September, a sign the central bank may at least put on hold further tightening of its monetary policy that has slowed economic growth and fuel consumption.<\/p>\n

“Less price pressures may allow the Chinese central bank to look at easing monetary policy. If that helps consumer spending and prevents a slowdown in construction, it would be positive for global commodities.” said Jeremy Friesen, a Hong Kong based analyst at Societe Generale.<\/p>\n

However, monetary tightening means China is expected to post slower economic growth in the third quarter than the previous three months when it reports data next week.<\/p>\n

A sudden worsening in Europe’s debt crisis could further effect China’s growth outlook, strengthening the case for Beijing to loosen policy before it is confident it has won the inflation fight.<\/p>\n

<\/script> <\/g:plusone><\/span> Tweet<\/a><\/p>\n

Read the rest here:\u00a0
\nBrent oil price flirts with $112 a barrel on China inflation data<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Brent oil futures open today’s trading session flirting with prices higher near $112 a barrel after the latest inflation data out of China edged down to 6.1 percent in September and China may loosen credit as inflation cools, boosting oil demand. Latest Brent Oil Price In London, Brent crude oil futures for November 2011 delivery was trading at $112.25 a barrel, 09.00 GMT this morning on the ICE Futures Exchange. China and Oil Prices Inflation in China edged down to 6.1 percent in September, a sign the central bank may at least put on hold further tightening of its monetary policy that has slowed economic growth and fuel consumption. “Less price pressures may allow the Chinese central bank to look at easing monetary policy. If that helps consumer spending and prevents a slowdown in construction, it would be positive for global commodities.” said Jeremy Friesen, a Hong Kong based analyst at Societe Generale. However, monetary tightening means China is expected to post slower economic growth in the third quarter than the previous three months when it reports data next week. A sudden worsening in Europe’s debt crisis could further effect China’s growth outlook, strengthening the case for Beijing to loosen policy before it is confident it has won the inflation fight. Tweet <\/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-15154","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\/15154","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=15154"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15154\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=15154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=15154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=15154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}