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Excerpt from:  GFT Analysts in the News
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August 05, 2008

Oil Prices Slip in Commodities Trading

Demand affects oil futures
Oil futures are falling in commodities trading
Worries that demand is slowing are starting to affect oil futures in commodities trading. Following yesterday's slip in oil prices, today oil is plunging to below $120 a barrel.

The main concern regarding oil prices is mainly due to a worldwide economic slowdown. In the U.S., drivers have shown that they are willing to cut back due to high prices and a struggling economy. Elsewhere, in developing nations, there are worries that oil just cannot be afforded.

Oil futures are, as a result, being affected by these worries, since demand is likely to continue to slow.
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Topic Tags:  commodities trading, demand oil, oil futures, oil prices, spread bets oil prices, spread betting commodities
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