Excerpt from: Financial Spread Betting Strategies
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| July 31, 2007 | | Crude oil prices slip a little on the commodities market | Crude oil prices are down slightly on the commodities market today. Even though crude oil prices remain well above $76 a barrel, they have fallen on profit taking. Financial spread betting strategy should consider that refineries and U.S. economic data will likely affect crude oil pirces, reports ShareCast: Futures were also affected as refineries owned by ConocoPhillips and Exxon Mobil opened after temporary shutdowns.
The commodities markets could be impacted by economic data out this week, including U.S. consumer confidence, inflation and crude inventories.
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