Excerpt from: CFDs & Spread Bets
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| November 19, 2008 | | Oil approaching $50 a barrel | Oil prices continue to fall in futures trading and in commodities trading. Financial spread betting strategy should consider that demand on a global scale is falling off as speculation continues that recession will take its toll.
The meteoric rise of oil prices earlier this year was due in large part to a speculative bubble that has burst, thanks to global recession. Oil prices continue their inexorable fall toward $50 a barrel, as gold prices follow suit.
There is some hope, however, that falling oil prices will help get the global economy going again, in which case oil prices should begin to rise again in the coming years.
| Topic Tags: financial spread betting, global recession, gold prices, oil prices, oil prices spread betting, spread betting, spread betting strategy | |
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