Excerpt from: Financial Spread Betting Strategies
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| March 31, 2008 | | Oil prices back down | Placing spread bets on oil prices should consider that they are down again after problems relating to last week's attack on an Iraqi pipeline have been resolved.
Another factor weighing on oil prices, reports the Associated Press, is to do with the US economy:
Concerns about the U.S. economy also weighed on futures. The U.S.
Commerce Department said Friday consumer spending edged up by just 0.1
percent last month, the poorest showing since September 2006. Energy
investors worry that a cooling economy will use less fuel. | | |
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