188884 Resource 133514 120646 120646 1194531379764 1194531523403 Controlled Are Oil Prices Due for a Correction?

Oil prices drop and then rise again

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Oil prices dropped briefly below $96 a barrel, but they are rising again as the profit taking ends and buying ensues. However, there are some analysts that believe oil prices are due for a sharper correction. </span><a style="font-family: verdana,arial,helvetica,sans-serif;" title="spread betting, spread betting oil prices, oil prices, spread bets, oil prices correction" target="_blank" href="http://www.iht.com/articles/ap/2007/11/08/business/EU-FIN-MKT-Oil-Prices.php">When spread betting on oil prices, consider this from the International Herald Tribune:</a><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"><font size="2">Some analysts think oil prices have far outpaced levels justified by the underlying principles of supply and demand. They blame market speculators for pushing crude prices to record levels, and predict that a correction, or sharp decline, is imminent.</font></div> 9 application/xml false oil prices oil prices correction spread bets spread betting spread betting oil prices Spread bets on commodities http://www.gftuk.com/land/index.asp?aid=53 Watch this video about oil prices http://link.brightcove.com/services/link/bcpid203719194/bclid86272812/bctid1295348437 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.1.9) Gecko/20071025 Firefox/2.0.0.9 127.0.0.1 127.0.0.1 mmarquit false true false false true 133514 blog blogsite/GFTUK/web