{"id":15218,"date":"2011-10-22T09:17:09","date_gmt":"2011-10-22T07:17:09","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/15218\/wti-oil-futures-end-week-near-88-as-us-market-helps-lift-prices\/"},"modified":"2011-10-22T09:17:09","modified_gmt":"2011-10-22T07:17:09","slug":"wti-oil-futures-end-week-near-88-as-us-market-helps-lift-prices","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/15218\/wti-oil-futures-end-week-near-88-as-us-market-helps-lift-prices\/","title":{"rendered":"WTI oil futures end week near $88 as US market helps lift prices"},"content":{"rendered":"<p><p>WTI oil futures end a bullish trading week back near $88 a barrel as the US stock market rose higher, helping to lift oil and other commodity prices, whilst some analysts are also pointing to tightening US supplies as a driver of NYMEX oil prices.<\/p>\n<p><strong>WTI Oil Futures \u2013 Closing Price<\/strong><\/p>\n<p>US Light crude oil futures for December 2011 delivery ended the week\u2019s trading session at $87.40 a barrel on the NYMEX.<\/p>\n<p><strong>US Stock Market<\/strong><\/p>\n<p>US stocks surged higher Friday and registered another weekly gain, following a batch of corporate earnings and ahead of this weekend&#8217;s European Union summit on the sovereign debt crisis.<\/p>\n<p>The Dow Jones Industrial Average rallied 267.01 points, or 2.31%, to 11808.79, finishing the week up 1.4% and closing at its highest level since 3rd August.<\/p>\n<p>Meanwhile, in its weekly inventory survey on Wednesday, the US EIA (Energy Information Administration) reported a larger than expected 4.7 million barrel drawdown of US crude oil stockpiles, bringing American oil inventories to their lowest level in nearly two years.<\/p>\n<p> <\/script> <span><g:plusone count=\"true\" size=\"tall\"><\/g:plusone><\/span><\/p>\n<p>Read more:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/10\/2011\/wti-oil-futures-end-week-near-88-as-us-market-helps-lift-prices.html\" title=\"WTI oil futures end week near $88 as US market helps lift prices\">WTI oil futures end week near $88 as US market helps lift prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> WTI oil futures end a bullish trading week back near $88 a barrel as the US stock market rose higher, helping to lift oil and other commodity prices, whilst some analysts are also pointing to tightening US supplies as a driver of NYMEX oil prices. WTI Oil Futures \u2013 Closing Price US Light crude oil futures for December 2011 delivery ended the week\u2019s trading session at $87.40 a barrel on the NYMEX. US Stock Market US stocks surged higher Friday and registered another weekly gain, following a batch of corporate earnings and ahead of this weekend&#8217;s European Union summit on the sovereign debt crisis. The Dow Jones Industrial Average rallied 267.01 points, or 2.31%, to 11808.79, finishing the week up 1.4% and closing at its highest level since 3rd August. Meanwhile, in its weekly inventory survey on Wednesday, the US EIA (Energy Information Administration) reported a larger than expected 4.7 million barrel drawdown of US crude oil stockpiles, bringing American oil inventories to their lowest level in nearly two years. <\/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-15218","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\/15218","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=15218"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15218\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=15218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=15218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=15218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}