Excerpt from: CFDs & Spread Bets
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| July 30, 2010 | | Spread bets and CFDs on oil prices | Spread betting and contracts for differences on oil prices should consider that they are heading lower today. After inventories showed an increase earlier this week, and with GDP data causing uncertainty, risk appetite is gone.
Instead, concerns about risk and economic recovery have oil prices back below $78 a barrel. Economic recovery continues to move at a snail's pace, and this have many concerned and unwilling to take big risks. In the case of oil, this means that many expect demand to remain sluggish.
Gold prices, on the other hand, are slightly higher as a safe haven investment.
| Topic Tags: CFDs, commodities, contracts for differences, oil prices, spread bets, spread betting | |
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