Excerpt from: Financial Spread Betting Strategies
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| December 18, 2007 | | Placing spread bets on oil prices | Oil prices are on the rise again, thanks to tensions in the Middle East between Turkey and Iraq. Financial spread betting strategy should take into account world events when considering oil prices. This is because tension can disrupt oil supply -- or cause worries of disruption -- and this affects oil prices in commodities trading. Bloomberg reports on the effects of Turkish troops in Iraq:
``That's a problem for the market, since a large part of
the latest increase in Iraqi exports is coming through the
northern pipeline,'' said Andy Sommer, an analyst with HSH
Nordbank in Hamburg. ``A disruption would send prices higher in
the short-term.'' | | |
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