252220 Resource 133523 120646 120646 1268232563083 1268232563083 Controlled OPEC Increases Oil Forecast

Spread bets and CFDs on oil prices

<p><font size="2" face="verdana,arial,helvetica,sans-serif"><b>OPEC</b> has increased its <a href="http://www.marketwatch.com/story/oil-futures-edge-higher-on-chinese-economic-data-2010-03-10" target="_blank" title="oil prices, spread bets, CFDs, contracts for differences, spread betting, OPEC, oil forecast">oil forecast</a>, prompting some to believe that oil prices will be rising again soon. Spread betting and contracts for differences on commodities should consider the effect that an increased <b>oil forecast</b> will have on prices.</font></p> <p><font size="2" face="verdana,arial,helvetica,sans-serif">Earlier, this forecast resulted in gains to oil futures. However, some of those gains have been pared, due to uncertainty. There is some hope amongst oil bulls, though, that today's higher open for <a href="item/252217" target="_blank" title="oil prices, spread bets, CFDs, contracts for differences, spread betting, OPEC, oil forecast">U.S. stocks</a> will help oil prices remain solidly above $81 a barrel.</font></p> <p> <font size="2" face="verdana,arial,helvetica,sans-serif">Also providing some support for <b>oil prices</b> is the news that China's imports and exports grew more than expected. This is prompting hopes that global economic recovery will mean more demand for oil.</font><br /></p> 9 application/xml false CFDs contracts for differences oil forecast oil prices OPEC spread bets spread betting Spread betting 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:1.9.1.8) Gecko/20100202 Firefox/3.5.8 GTB6 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 133523 blog blogsite/GFTUK/web