Excerpt from: GFT Analysts in the News
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| November 08, 2007 | | Oil prices drop and then rise again | Oil prices dropped briefly below $96 a barrel, but they are rising again as the profit taking ends and buying ensues. However, there are some analysts that believe oil prices are due for a sharper correction. When spread betting on oil prices, consider this from the International Herald Tribune:
Some analysts think oil prices have far outpaced levels justified by
the underlying principles of supply and demand. They blame market
speculators for pushing crude prices to record levels, and predict that
a correction, or sharp decline, is imminent. | Topic Tags: oil prices, oil prices correction, spread bets, spread betting, spread betting oil prices | |
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