Excerpt from: GFT Analysts in the News
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| December 08, 2008 | | Oil futures try to head back up to $45 a barrel | Oil prices are on the rise on the news that a U.S. stimulus might shorten the recession. Additionally, there is a great deal of optimism regarding the chances of an auto industry bailout this week, and that is also providing some help for oil prices.
Oil futures are heading back up toward $45 a barrel (although there is still more than a $1.50 to go in order to reach that goal). As the U.S. economic news improves, oil prices are expected to rise as speculation returns that demand will increase.
| Topic Tags: $45 a barrel, economic news, oil futures, oil prices, spread bets oil, spread betting commodities, U.S. stimulus | |
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