207098 Resource 133514 120646 120646 1213883962789 1213883962789 Controlled Oil Futures Continue as Before, Even with Saudi Assurances

Oil prices continue to trend higher

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Oil futures continue to gain, despite <a href="http://www.marketwatch.com/news/story/story.aspx?guid=%7B919A4AD5%2D22FC%2D46FE%2DA800%2D73355268D8C6%7D&siteid=rss" target="_blank" title="Saudis increase oil production, oil prices, oil futures, futures trading, spread bets oil prices, spread betting commodities">assurances by the Saudis that they will increase oil production</a>. It is estimated that there is plenty of spare capacity right now, and even the Saudis say that demand is slowing.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">In spite of this, though, oil prices are trending higher, despite recent easing. Speculation on oil prices, as well as insistence that future demand from developing nations will strain supply in the coming years, are thought by some to be the main drivers of recent high oil prices.</span></font><br /> 9 application/xml false futures trading oil futures oil prices Saudis increase oil production spread bets oil prices spread betting commodities Spread betting on commodities http://www.gftuk.com/land/index.asp?aid=53 Futures trading with GFT http://www.gftfutures.com Mozilla/5.0 (Macintosh; U; Intel Mac OS X; en-US; rv:1.8.1.14) Gecko/20080404 Firefox/2.0.0.14 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 133514 blog blogsite/GFTUK/web