{"id":16400,"date":"2012-07-24T09:38:07","date_gmt":"2012-07-24T07:38:07","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/16400\/us-oil-price-falls-4-percent-on-concerns-over-europe%e2%80%99s-never-ending-debts\/"},"modified":"2012-07-24T09:38:07","modified_gmt":"2012-07-24T07:38:07","slug":"us-oil-price-falls-4-percent-on-concerns-over-europe%e2%80%99s-never-ending-debts","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/16400\/us-oil-price-falls-4-percent-on-concerns-over-europe%e2%80%99s-never-ending-debts\/","title":{"rendered":"US oil price falls 4 percent on concerns over Europe\u2019s never ending debts"},"content":{"rendered":"<p><p>US oil futures fell 4.2 percent on Monday and stock markets around the world headed lower on concerns over Europe&#8217;s never ending debts following headlines about high bond yields in Spain and more difficulties in Greece.<\/p>\n<p><strong>Latest WTI Oil Price<\/strong><\/p>\n<p>US Light crude oil futures for September 2012 delivery was trading at $88.85 a barrel, 08.22 GMT this morning in electronic trading on the NYMEX. Front month oil futures settled fell 4.2 percent to settle at $88.14, while Brent crude futures traded down $3.54 at $103.29 a barrel.<\/p>\n<p><strong>Doubts Over Euro Zones Viability<\/strong><\/p>\n<p>Phil Flynn, senior market analyst for the Price Futures Group, a futures-trading firm, said recent headlines raised new doubts over the euro zone&#8217;s viability, pushing aside geopolitical concerns that preoccupied the oil market last week.<\/p>\n<p>&#8220;Based on what we&#8217;re hearing, it&#8217;s amazing we&#8217;re not down more,&#8221; Mr. Flynn said.<\/p>\n<p>The euro zone crisis has for months stood as an albatross on the oil market because it raises concerns about the economic growth needed for energy demand. A weaker euro relative to the dollar can also depress the price of oil, which is traded in dollars. On Monday, the dollar was stronger relative to the euro.<\/p>\n<\/p>\n<p>Here is the original:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/wti\/oil-price\/us-oil-price-falls-4-percent-on-concerns-over-europes-never-ending-debts.html\" title=\"US oil price falls 4 percent on concerns over Europe\u2019s never ending debts\">US oil price falls 4 percent on concerns over Europe\u2019s never ending debts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> US oil futures fell 4.2 percent on Monday and stock markets around the world headed lower on concerns over Europe&#8217;s never ending debts following headlines about high bond yields in Spain and more difficulties in Greece. Latest WTI Oil Price US Light crude oil futures for September 2012 delivery was trading at $88.85 a barrel, 08.22 GMT this morning in electronic trading on the NYMEX. Front month oil futures settled fell 4.2 percent to settle at $88.14, while Brent crude futures traded down $3.54 at $103.29 a barrel. Doubts Over Euro Zones Viability Phil Flynn, senior market analyst for the Price Futures Group, a futures-trading firm, said recent headlines raised new doubts over the euro zone&#8217;s viability, pushing aside geopolitical concerns that preoccupied the oil market last week. &#8220;Based on what we&#8217;re hearing, it&#8217;s amazing we&#8217;re not down more,&#8221; Mr. Flynn said. The euro zone crisis has for months stood as an albatross on the oil market because it raises concerns about the economic growth needed for energy demand. A weaker euro relative to the dollar can also depress the price of oil, which is traded in dollars. On Monday, the dollar was stronger relative to the euro. <\/p>\n","protected":false},"author":10,"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-16400","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\/16400","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=16400"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/16400\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=16400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=16400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=16400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}