Excerpt from: Financial Spread Betting Strategies
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| January 03, 2008 | | Placing spread bets on oil prices | Yesterday, $100 oil was reached briefly on a variety of concerns from supply to violence in Nigeria. Placing spread bets on oil prices should consider where oil futures are likely to go in the coming days and weeks. Financial spread betting strategy should carefully consider what oil prices will do to other markets, including currencies and stocks, as well. MarketWatch reports on the factors affecting oil prices:
"Factors pushing the price of oil higher are many of the same ones
Americans have been hearing for years now," said Geoff Sundstrom, an
analyst at AAA, in a statement. They include low U.S. oil inventories,
geopolitical tensions, the still-depressed value of the dollar, and
increasing demand for oil, Sundstrom said. | | |
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