Excerpt from: GFT Analysts in the News
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| June 19, 2008 | | Oil prices continue to trend higher | Oil futures continue to gain, despite assurances by the Saudis that they will increase oil production. It is estimated that there is plenty of spare capacity right now, and even the Saudis say that demand is slowing.
In spite of this, though, oil prices are trending higher, despite recent easing. Speculation on oil prices, as well as insistence that future demand from developing nations will strain supply in the coming years, are thought by some to be the main drivers of recent high oil prices.
| Topic Tags: futures trading, oil futures, oil prices, Saudis increase oil production, spread bets oil prices, spread betting commodities | |
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