Spread Betting on Oil Prices

235042 Resource 133514 120646 1 1245333056787 1265487434151 Controlled Oil Prices May Hamper Economic Recovery

Rising oil prices dent consumer spending in the U.S.

One of the issues that may affect economic recovery is rising oil prices. Oil prices remain above $70 a barrel, after rising dramatically in the past three weeks. Higher oil prices are hitting American consumers, affecting their confidence and their spending. GFT's Boris Schlossberg reports in FX360 on <a href="http://www.fx360.com/commentary/boris/1417/will-the-price-of-oil-kill-the-recovery.aspx?aid=5704" target="_blank" title="Boris Schlossberg, oil prices, rising oil prices, spending, U.S. consumers, economic recovery, oil futures, spread betting oil, spread bets commodities">the impact higher oil prices may have on economic recovery</a>: <blockquote> As <span onmouseover="clearTimeout(tmout); ShowPopup(this,'https://gftnet.gftforex.com/uploads/gbpusd091508.gif','CLN9','OIL');" onmouseout="if(window.parent && window.parent.Xinha){return false}tmout = setTimeout("HidePopup()",1000);" style="color: #004276; cursor: pointer; text-decoration: none; ">oil <img border="0" src="http://www.fx360.com/App_Common/images/chart-icon.gif" alt="pic" /> creeps higher every penny rise in the price of gas is acting as a painful tax on US consumers and diverting disposable income from the pocketbook to the pump. The US consumer is already burdened with heavy debt load, and a near double digit unemployment rate, therefore the sharp spike in the price of <span onmouseover="clearTimeout(tmout); ShowPopup(this,'https://gftnet.gftforex.com/uploads/gbpusd091508.gif','CLN9','OIL');" onmouseout="if(window.parent && window.parent.Xinha){return false}tmout = setTimeout("HidePopup()",1000);" style="color: #004276; cursor: pointer; text-decoration: none; ">oil <img border="0" src="http://www.fx360.com/App_Common/images/chart-icon.gif" alt="pic" /> is especially painful in the present economic climate. </blockquote> While is slightly down today as the <a href="item/235040" target="_blank" title="Boris Schlossberg, oil prices, rising oil prices, spending, U.S. consumers, economic recovery, oil futures, spread betting oil, spread bets commodities">U.S. stock market </a>turns mostly lower after a slightly up opening, oil futures are still above $70, and the forecast expects to see oil prices rise further by the end of the year. 9 application/xml false Boris Schlossberg economic recovery oil futures oil prices rising oil prices spending spread bets commodities spread betting oil U.S. consumers Spread Betting on Oil Prices Spread bets on commodities http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US) AppleWebKit/532.5 (KHTML, like Gecko) Chrome/4.0.249.78 Safari/532.5 127.0.0.1 127.0.0.1 $Admin 173.160.40.189 false true false false true 133514 blog blogsite/GFTUK/web