Excerpt from: Spread Betting North American Financial Markets
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| October 17, 2007 | | Placing spread bets on oil prices | American markets are looking to oil prices right now, as the stock market continues its volatility and gold prices climb. However, spread betting on oil should also consider that world events in the Middle East are having an effect, and Turkey's upcoming decision about Iraq could influence oil prices to drop from their records. Bloomberg reports on oil prices:
``If we don't see an escalation of the conflict between
Turkey and the Kurds, we'll see a sharp decline of $5 or $6,''
said Hannes Loacker, an analyst at Raiffeisen Zentralbank
Oesterreich AG in Vienna. ``Markets are tight, but not tight
enough to justify $87.'' | | |
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