| December 30, 2011 |
Spread bets and CFDs on oil prices |
Oil prices are losing ground today, but it is quite likely that the commodity will close out the year with a gain. Risks to oil demand on a global scale are being considered as the eurozone's problems indicate slowing growth. Additionally, developments in Iran could affect global oil demand. So, even though gold prices (equities are mixed) and the US dollar is lower, oil prices are struggling today. This is not a normal state of affairs, since oil normally moves in tandem with gold prices and inversely to the greenback. For now, oil prices are weak. However, if the US economy shows recovery and picks up, that could mean better oil demand. And, of course, if Iran does disrupt supplies, it could mean higher prices due to increased scarcity. It looks to be an interesting few days for oil prices once the new year begins. |
Topic Tags: ?CFDs, gold, Iran, oil prices, Spain, spread bets, spread betting, US dollar |
Source: http://blog.gftuk.com/public/item/272432
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