Spread Betting on Oil Prices

244763 Resource 133520 120646 120646 1257354749383 1257354749383 Controlled Oil Pushes Past $80 a Barrel

Spread betting and contracts for differences on oil prices

Spread bets and CFDs on oil prices should consider that they have once again pushed above $80 a barrel. Thanks to the idea that the the <a href="item/244762" target="_blank" title="oil prices, spread betting, contracts for differences, spread bets, CFDs, commodities trading, U.S. dollar, Fed interest rates">Fed is likely to leave interest rates steady</a> today, oil prices are rising as the U.S. dollar drops. Indeed, oil prices often move inversely to the U.S. dollar, and the weakness in the greenback is providing support for oil prices in commodities trading. Additionally, oil is getting support from the fact that signs of economic recovery has speculators thinking that <a href="http://www.google.com/hostednews/ap/article/ALeqM5i4_q7DtiEHvUTVNlJoaJ9ufkd1kgD9BOPSEO1" target="_blank" title="oil prices, spread betting, contracts for differences, spread bets, CFDs, commodities trading, U.S. dollar, Fed interest rates">oil demand</a> will be picking up soon.  The American Petroleum Institute reports that crude oil stockpiles have dropped, and that could be a sign that demand is beginning to pick up. All of this news is combining to send oil prices higher. However, so far most of the gains are thought by some to be the result of speculation, rather than fundamentals. It is a good idea to be prepared for a possible correction. 9 application/xml false CFDs commodities trading contracts for differences Fed interest rates oil prices spread bets spread betting U.S. dollar Spread Betting on Oil Prices Spread bets on commodities http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.1.4) Gecko/20091016 Firefox/3.5.4 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 133520 blog blogsite/GFTUK/web