Excerpt from: World Markets
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| October 15, 2008 | | Contracts for differences on oil prices | CFDs on commodities should consider that oil prices are continuing to fall. Despite efforts to shore up the economy, there is little hope amongst traders that oil prices will be helped.
Even with help from governments around the world, the global economy is expected to enter a recession, and demand for fuel is expected to continue to falter. Indeed, investors are waiting for tomorrow's weekly oil inventory data from the United States as a sign of slowing demand.
Recession is not expected to affect the U.S. only; in developing nations, a global economic slowdown is expected to impact demand as well. And as demand falls, so too do oil prices.
| Topic Tags: CFDs, CFDs commodities, contracts for differences, contracts for differences oil, crude oil, oil prices, recession | |
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