Excerpt from: Financial Spread Betting Strategies
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| June 29, 2007 | | Supply concerns boost oil prices | Spread bets on oil prices should consider that the summer driving season is now under way, and with the 4th of July holiday approaching in the U.S., it is likely to really heat up. Supply concerns are boosting oil prices on the commodities market, and financial spread betting strategy should consider this. MarketWatch reports on oil prices:
But "the most important news of the report came from the distillate
section, showing inventories falling sharply and moving quickly to a
potential shortage condition in the near term as the summer demand
season heats up," said Oxman in e-mailed comments.
"Product inventory declines were caused by a reduction in imports and by continued strong demand from end users," he said.
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