{"id":9936,"date":"2010-03-01T07:59:28","date_gmt":"2010-03-01T06:59:28","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/9936\/oil-prices-trading-back-over-80-mark-on-higher-markets\/"},"modified":"2010-03-01T07:59:28","modified_gmt":"2010-03-01T06:59:28","slug":"oil-prices-trading-back-over-80-mark-on-higher-markets","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/9936\/oil-prices-trading-back-over-80-mark-on-higher-markets\/","title":{"rendered":"Oil prices trading back over $80 mark on higher markets"},"content":{"rendered":"

Crude oil prices rose above $80 a barrel in trading on Monday in Asia as oil traders followed regional stock markets higher. US Light crude oil futures for April delivery was up 56 cents to $80.22 a barrel at midday Singapore time in electronic trading on the NYMEX, while in London, Brent crude oil futures are up 54 cents at $78.13 on the ICE futures exchange. Oil traders, who often look to equities as a measure of overall investor sentiment, were cheered by a jump in all the major Asian stock indexes Monday amid recent signs that Asian manufacturing is recovering from last year’s slump. This week, investors will be eyeing US jobs data to get a better sense of the recovery in the world’s largest economy. The Labor Department is scheduled to announce February’s unemployment rate on Friday. Oil prices have touched the low $80 level several times in the last six months, but fallen back into the $70s when US crude inventory data failed to justify investor optimism. “Oil’s trading higher due to the fact that the US dollar opened a little bit weaker against the euro,” said David Moore, a commodity strategist with the Commonwealth Bank of Australia in Sydney. Oil prices trading steady, awaits US crude inventory data Oil prices trading higher, maybe closing in on $80 mark US Light oil prices trading near $75, investors eye US dollar Brent oil price hovers under $77 on higher dollar, markets Oil prices trading steady as US dollar makes gains Light oil price trading back over $80 on Iran, markets Brent oil price trading back over $78 on higher markets Oil prices trading higher on Iran, Asian stock markets up Oil prices trading around $74 in light holiday session Oil prices trading with support around $73 on profit taking Oil prices & commodities trading higher, US dollar slides Higher US dollar sends oil prices back to $70 range Oil prices up on short covering, US job Data next cue Oil prices trading higher as optimism boosts Asia markets Oil prices trading at $78 as major Asian markets fall Crude oil prices start 2010 trading around the $80 mark US Light oil price trading down on Dubai fears Daily oil trading report from ODL Markets Daily oil trading report from ODL Markets The Weekly Oil Futures Wrap at Live Oil Prices <\/p>\n

See original here:\u00a0
\nOil prices trading back over $80 mark on higher markets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Crude oil prices rose above $80 a barrel in trading on Monday in Asia as oil traders followed regional stock markets higher. US Light crude oil futures for April delivery was up 56 cents to $80.22 a barrel at midday Singapore time in electronic trading on the NYMEX, while in London, Brent crude oil futures are up 54 cents at $78.13 on the ICE futures exchange. Oil traders, who often look to equities as a measure of overall investor sentiment, were cheered by a jump in all the major Asian stock indexes Monday amid recent signs that Asian manufacturing is recovering from last year’s slump. This week, investors will be eyeing US jobs data to get a better sense of the recovery in the world’s largest economy. The Labor Department is scheduled to announce February’s unemployment rate on Friday. Oil prices have touched the low $80 level several times in the last six months, but fallen back into the $70s when US crude inventory data failed to justify investor optimism. “Oil’s trading higher due to the fact that the US dollar opened a little bit weaker against the euro,” said David Moore, a commodity strategist with the Commonwealth Bank of Australia in Sydney. Oil prices trading steady, awaits US crude inventory data Oil prices trading higher, maybe closing in on $80 mark US Light oil prices trading near $75, investors eye US dollar Brent oil price hovers under $77 on higher dollar, markets Oil prices trading steady as US dollar makes gains Light oil price trading back over $80 on Iran, markets Brent oil price trading back over $78 on higher markets Oil prices trading higher on Iran, Asian stock markets up Oil prices trading around $74 in light holiday session Oil prices trading with support around $73 on profit taking Oil prices & commodities trading higher, US dollar slides Higher US dollar sends oil prices back to $70 range Oil prices up on short covering, US job Data next cue Oil prices trading higher as optimism boosts Asia markets Oil prices trading at $78 as major Asian markets fall Crude oil prices start 2010 trading around the $80 mark US Light oil price trading down on Dubai fears Daily oil trading report from ODL Markets Daily oil trading report from ODL Markets The Weekly Oil Futures Wrap at Live Oil Prices <\/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-9936","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\/9936","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=9936"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/9936\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=9936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=9936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=9936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}