Excerpt from: World Markets
|
 |
| December 28, 2009 | | Spread bets and CFDs on oil prices | Spread betting and contracts for differences on oil prices should consider that they are heading higher today. Indeed, after struggling for a couple of weeks, oil prices are seeing some gains.
Most of the help for oil prices is coming from the fact that the U.S. dollar is softer in currency trading. Even though trading is tranquil, for the most part, the greenback is still inching a bit lower, and that is helping oil prices.
Another help that is coming to oil prices is the fact that demand for oil is on the rise, prompting a fall in inventories. With winter increasing the need for heating oil, and with signs of economic recovery providing for more confidence and more consume use of oil, it is little surprise that oil prices are heading higher.
| Topic Tags: CFDs, commodities, contracts for differences, oil prices, spread bets, spread betting, U.S. dollar | |
|
|
