Saturday, December 31, 2011

Oil Prices Ready for Annual Gain in Spite of Slip Today

Excerpt from:??CFDs & Spread Bets
.
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

iraq war over maurice jones drew golden globe nominees megyn kelly unclaimed money richard hamilton richard hamilton

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.