Excerpt from: Financial Spread Betting Strategies
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| May 07, 2007 | | Crude oil futures down | Placing spread bets on crude oil might consider that cruse oil futures are down right now. Financial spread betting strategy should consider this information from MarketWatch:
"Front-month NYMEX crude prices stabilized around $62 after the
five-day drop last week that shaved about $5 off prices," said analysts
at Action Economics.
"Rising U.S. crude inventory levels helped weigh on prices last week,
but with U.S. gasoline stocks below average and continued trouble in
Nigeria, the world's eighth-biggest oil exporter, there is a limit to
the market's downside," they said. | | |
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