Excerpt from: Financial Spread Betting Strategies
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| May 09, 2007 | | Oil prices are connected to supply | When placing spread bets on oil prices and oil futures, it is important to remember that one of the factors to consider is supply. Today your financial spread betting strategy should be affected by information that will be released by the U.S. Energy Department reflecting supply. Lower supply often means an increase in oil prices. MarketWatch reports on oil prices today:
"The focus of today's session will be the EIA [Energy Information
Administration] inventory numbers," said Edward Meir, analyst at Man
Financial Energy Group, in a morning note.
"The market has started to discount the possibility of a slight build
in gasoline stocks, but from the looks of things, the anticipated
increase might be too little to significantly impact the prevailing
obsession with low gasoline stocks," Meir said. | | |
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