{"id":20237,"date":"2016-11-17T03:37:16","date_gmt":"2016-11-17T02:37:16","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/20237\/oil-prices-pared-gains-as-us-inventory-increased-more-than-expected\/"},"modified":"2016-11-17T03:37:16","modified_gmt":"2016-11-17T02:37:16","slug":"oil-prices-pared-gains-as-us-inventory-increased-more-than-expected","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/20237\/oil-prices-pared-gains-as-us-inventory-increased-more-than-expected\/","title":{"rendered":"Oil Prices Pared Gains as US Inventory Increased More than Expected"},"content":{"rendered":"

Crude oil prices retreated, on profit-taking and as US inventory rose more than expected. The front-month WTI crude contract slipped -0.52% while the Brent contract dropped -0.68%. Both rallied more than +5% in the prior day. It looks like now that a rate hike in December is fully priced in with Bloomberg\u2019s estimate and CME\u2019s 30-day Fed fund futures pricing in 96% and 90% chance respectively. US dollar strengthened further with the USD index (DXY) soaring to a 13-year high of 100.57 before pullback. Wall Street slipped with DIJA and S&P 500 indices losing -0.29% and -0.16% respectively.<\/p>\n

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\nOil Prices Pared Gains as US Inventory Increased More than Expected<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Crude oil prices retreated, on profit-taking and as US inventory rose more than expected. The front-month WTI crude contract slipped -0.52% while the Brent contract dropped -0.68%. Both rallied more than +5% in the prior day. It looks like now that a rate hike in December is fully priced in with Bloomberg\u2019s estimate and CME\u2019s 30-day Fed fund futures pricing in 96% and 90% chance respectively. US dollar strengthened further with the USD index (DXY) soaring to a 13-year high of 100.57 before pullback. Wall Street slipped with DIJA and S&P 500 indices losing -0.29% and -0.16% respectively. <\/p>\n","protected":false},"author":2449,"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-20237","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\/20237","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\/2449"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=20237"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/20237\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=20237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=20237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=20237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}