Excerpt from: Financial Spread Betting Strategies September 13, 2007 Placing spread bets on oil prices
"Even though oil prices surged to more than $80 a barrel yesterday, it is important to think ahead in oil prices and financial spread betting strategy."
Placing spread bets on oil prices should carefully consider the future of the commodities market. Even though oil prices surged to more than $80 a barrel yesterday, it is important to think ahead in oil prices and financial spread betting strategy. Bloomberg reports on what increased OPEC production and the winding down of the hurricane season might mean for oil prices : ``The whole market may turn downwards when there's an
extra 500,000 barrels a day of OPEC oil and the hurricane season
is ending,'' said Christopher Bellew, a broker at Bache
Commodities Ltd. in London.
