Excerpt from: Financial Spread Betting Strategies
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| April 07, 2008 | | Oil prices above $107 a barrel | Placing spread bets on oil prices should consider that they are on the rise again as OPEC insists that production levels are fine as they are. Western countries (especially the US, due to consumer complaints of high petrol prices) are trying to convince OPEC to increase production in order to increase supply. The Economic Times reports on oil prices:
Oil prices jumped above 107 dollars per barrel on Monday after OPEC oil
exporters rejected Western calls to increase output and dampen the market,
traders said.
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