222876 Resource 133514 120646 120646 1231249933681 1231249933681 Controlled Oil Focus Shifts to Supply

Oil futures rise in commodities trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;"><span style="font-weight: bold;">Oil prices</span> are heading back above $50 a barrel right now, thanks in large part to a shift in focus by investors. <span style="font-weight: bold;">Oil futures</span> are looking up, and supply is the new story.</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 recent weeks, all of the focus has been on declining demand for oil in <span style="font-weight: bold;">commodities trading</span>, thanks to concerns about global recession. However, with <span style="font-weight: bold;">OPEC production cuts </span>slated for this month, and hope of <a href="http://www.yieldingwealth.com/what-do-i-think-about-the-economic-stimulus-plan-from-barack-obama/" target="_blank" title="economic stimulus, oil prices, oil futures, commodities trading, spread bets oil, spread betting commodities, OPEC production cuts">economic stimulus</a> (especially in the U.S.), oil prices are on the rise again.</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;">Bloomberg reports on the <a href="http://www.bloomberg.com/apps/news?pid=20601012&sid=aFGRaUSOeZo0&refer=commodities" target="_blank" title="economic stimulus, oil prices, oil futures, commodities trading, spread bets oil, spread betting commodities, OPEC production cuts">shift for oil prices in commodities trading</a>:</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">&ldquo;The focus is shifting from demand to supply again,&rdquo; said <a onmouseover="function onmouseover(event) { return escape(popwSearchNews(this)); }" href="http://search.bloomberg.com/search?q=Eugen+Weinberg&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Eugen Weinberg</a>, a Commerzbank AG analyst in Frankfurt. &ldquo;We know demand is going to be very weak, but cuts from <span style="font-weight: bold;">OPEC </span>and the latest geopolitical risk will compensate.&rdquo;<br /></font></div><div style="font-family: verdana,arial,helvetica,sans-serif;"><br /></div> 9 application/xml false commodities trading economic stimulus oil futures oil prices OPEC production cuts spread bets oil spread betting commodities Futures trading with GFT http://www.gftfutures.com Spread betting on commodities http://www.gftuk.com/land/index.asp?aid=53 <!--SocioFluid--><script type="text/javascript" src="http://www.sociofluid.com/sf.php?widget=124320-000103040b0d0e1011"></script><noscript><a href="http://www.sociofluid.com/">SocioFluid</a></noscript><!--SocioFluid--> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.5) Gecko/2008120121 Firefox/3.0.5 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 133514 blog blogsite/GFTUK/web