Excerpt from: Financial Spread Betting Strategies
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| October 18, 2007 | | Oil prices spike on the commodities market | Oil prices are especially volatile right now as the situation between Turkey and Iraq heats up. Additionally, winter heating oil season is approaching, and demand continues from developing countries. All of these factors are combining to make for higher oil prices. Spread bets on oil prices should consider these items. MarketWatch reports on oil prices on the commodities market:
Oil is up 8% just in the few weeks since the Federal Reserve slashed
interest rates to help stem the credit crisis, in the process igniting
one of the strongest commodities rallies in years as the prospects of a
higher inflation rate suddenly improved. | | |
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