217034 Resource 133523 120646 120646 1224851089967 1224851089967 Controlled Financial Spread Betting Strategy: Oil Prices

Oil prices drop in commodities trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Financial spread betting strategy on oil prices should consider that things are moving lower -- even after an announcement from OPEC that production is going to be cut.</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;">One of the things that sent oil prices lower in commodities trading is the fact that the announced </span><a href="http://www.thestreet.com/story/10444098/1/opec-to-cut-oil-production.html?puc=_tscrss" target="_blank" title="financial crisis, oil prices, financial spread betting, spread betting oil prices, commodities trading, spread betting strategy, strategy oil prices, global recession" style="font-family: verdana,arial,helvetica,sans-serif;">production cut of 1.5 million barrels per day</a><span style="font-family: verdana,arial,helvetica,sans-serif;"> was smaller than expected. </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;">With global demand for oil plummeting, it is no real surprise that oil prices must fall too. Global recession is stifling demand, especially in developing nations.</span><a href="http://money.cnn.com/2008/10/24/markets/oil/index.htm" target="_blank" title="financial crisis, oil prices, financial spread betting, spread betting oil prices, commodities trading, spread betting strategy, strategy oil prices, global recession" style="font-family: verdana,arial,helvetica,sans-serif;"> CNN Money reports on the effects of the global financial crisis on oil prices</a><span style="font-family: verdana,arial,helvetica,sans-serif;">:</span><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-family: verdana,arial,helvetica,sans-serif;"><font size="2">&quot;The financial crisis is ... dampening the demand for energy, in general, and oil in particular,&quot; said OPEC in a statement released after the meeting concluded. &quot;Oil prices have witnessed a dramatic collapse - unprecedented in speed and magnitude.&quot;</font></div> 9 application/xml false commodities trading financial crisis financial spread betting global recession oil prices spread betting oil prices spread betting strategy strategy oil prices Financial spread betting strategy help http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 133523 blog blogsite/GFTUK/web