Excerpt from: World Markets
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| February 08, 2010 | | Spread bets and CFDs on oil prices | Spread betting and contracts for differences on commodities should consider that oil prices are moving higher today. After falling in the previous session, oil prices are attempting to make up some lost ground.
However, oil prices are seeing limited gains as weak demand continues to cause issues. With the global economy still not increasing the amount of oil it uses, it is difficult for oil bulls to justify sending prices higher.
Until the global economic concerns are truly ironed out, it is unlikely that oil prices will see a significant recovery.
| Topic Tags: CFDs, commodities trading, contracts for differences, global economy, oil prices, spread bets, spread betting | |
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