Excerpt from: GFT Analysts in the News
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| May 19, 2008 | | Oil futures continue to reach new highs | Even after Saudi Arabia upped its output, oil prices continue to gain on the commodities market. Between expected demand in developing countries, and speculators driving up the cost of oil through futures trading, there doesn't seem to much that can stop oil's ascent. AFP reports on oil prices on the commodities market:
"We continue to see record highs posted on a daily basis as
the bull run continues," MF Global senior energy broker Rob Laughlin
said Monday. "It feels as though we're likely to see more of the same." | Topic Tags: commodities, commodities market, futures trading, oil futures, oil prices, Saudi Arabia oil output, spread bets oil prices, spread betting commodities | |
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