Financial Spread Betting Strategy: Oil Prices

Spread bets on oil prices should consider that to a certain degree, they are influenced by global stocks. Oil prices dropped rapidly this morning, also on concerns that the commodities market had pushed them too high, too fast. Cecu.de reports on oil prices and the stock market:

"The market is just getting some bearish spillover given the drop in the equities," said Jim Ritterbusch of Ritterbusch & Associates in Galena, Ill. "At some point, oil was forced to look at it and realize that it could have some bearish effects on demand."