Sunday, 12th February 2012
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Daily oil trading report from ODL Markets
Published on March 9, 2010 by oilprices · No CommentsThe price of oil stayed above the $80 level as data showed that net long positions are at their highest levels since January.
The catalysts for the moves up are a weaker dollar, political unrest in Nigeria, and Chinese intention to build up oil reserves. No that oil has traded above, and more importantly stayed above, the 80 level, it will now be interesting to note if we can continue the move north.
| Commodity | Level | Change |
| ICE BRENT CRUDE - APR 10 | $79.77 | -$0.66 |
| ICE WTI - APR 10 | $81.26 | -$0.59 |
| GASOIL – MAR 10 | $648.00 | -$1.25 |
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