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Online Crude Oil Futures Spread Betting |
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A review of Online Crude Oil Futures Spread Betting.
Also see today's Online Crude Oil Futures Spread Betting News.
Online Crude Oil Futures Spread Betting - 30 March 2012
Brent has seen its fair share of profit taking in the last few days as talk of tapping into strategic reserves has brought crude prices back from their highs.
This morning though the risk appetite has allowed the price of Brent to bounce strongly off the $122 level as it sits at $123.05 at the time of writing.
Online Crude Oil Futures Spread Betting - 29 March 2012
Talk of dipping into strategic crude oil reserves has served to bring the price of Brent crude oil back from its highs, but it still remains above $124 at $124.25 this morning.
In the past month crude prices have simply moved sideways and this isn't making petrol at the pump any cheaper.
With possible strikes in the UK next week people are likely to start stockpiling, acting upon the advice of the government, and soon we might see pumps run dry.
Online Crude Oil Futures Spread Betting - 28 March 2012
There is no crude oil market commentary today. However you can see the latest energies technical analysis on:
Online Crude Oil Futures Spread Betting - 27 March 2012
Crude prices were driven by the Fed Chairman's comments on the state of the US economy and the possibility of a further bout of quantitative easing.
Support was also provided by the ongoing supply concerns and tightening Western sanctions on Iran over the Middle Eastern nation's disputed nuclear programme. At time of writing, Brent crude sits at $125.37.
Online Crude Oil Futures Spread Betting - 26 March 2012
Crude oil prices remain a hurdle for the economy and they remain stubbornly high with the tensions in the Middle East ongoing.
The prices at the pump are really starting to bite; £100 to fill up most cars now is a considerable sum of money for cash strapped families that are reliant on driving everywhere.
It doesn't look like oil prices are going to crash at any point either and here in the UK a fuel duty rise is due in August.
Our George would have done his sums for last week's budget taking into account that duty is due to rise later on in the summer and so it will be almost impossible for him to reverse such a hike.
£100 to fill up the tank might soon become £125 or even higher at this rate.
Crude prices were driven higher on Friday after a report showing Iranian oil exports had dropped by 300,000 barrels a day caused fear in the energy markets.
Investors showed that their belief was that it was just a matter of time before issues in the Middle East bared its teeth again and Friday's report showed that this was the case. At time of writing, Brent is trading at $124.86.
Online Crude Oil Futures Spread Betting - 23 March 2012
There is no crude oil market commentary today. However you can see the latest energies technical analysis on:
Online Crude Oil Futures Spread Betting - 22 March 2012
After seeing little to no action, crude prices spiked yesterday after the US department of Energy released its weekly stockpiles report. This showed a surprise drop in crude inventories against estimates for an increase.
Towards the close of the session though it appeared energy investors started to doubt the strength of the rally and began selling off their positions. By the end of the day the price was near enough at the starting level.
Currently, the Brent crude oil spread betting market is sitting at 123.57.
Online Crude Oil Futures Spread Betting - 21 March 2012
There is no crude oil market commentary today. However you can see the latest energies technical analysis on:
Online Crude Oil Futures Spread Betting - 20 March 2012
Energy traders were given a boost of optimism over the weekend when the International Monetary Fund's head Christine Lagarde voiced her opinion on the global economy, stating that she believed it was now past the worst point of the current crisis.
On the back of this, long positions in the crude oil market were increased as energy demand should closely follow the world's economic recovery. At time of writing, the rally has lost steam and Brent trades down at $124.60.
Online Crude Oil Futures Spread Betting - 19 March 2012
The usual suspects were behind the drive in crude prices on Friday, with a lower US dollar and higher equity spread betting markets helping black gold post a gain.
Additionally, energy investors kept optimistic by the news that US inflation was on track as consumer prices rose less than initial estimates. At time of writing, Brent crude trades at $125.23.
Spread betting and CFD trading carry a high level of risk and you can lose more than your initial deposit so you should ensure spread betting or CFD trading meet your investment objectives and if necessary seek independent advice.
Market Commentry from Financial Spreads.
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Financial Spreads - tax free* trading on over 2,500 spread betting markets. With a Financial Spreads Account you can trade commission free, 24 hours a day on stock market indices, forex, shares commodities and...read review » Financial Spreads.
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With financial spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital. Please familiarise yourself with the risks that are involved and before trading, ensure that financial spread betting matches your investment objectives. Seek independent advice where necessary.
Online Crude Oil Futures Spread Betting - edited by MJ, 30 March 2012.
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With spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital so please familiarise yourself with the risks that are involved and, before trading, ensure that spread betting matches your investment objectives. Seek independent advice where necessary.
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* Based on current UK tax law. Tax law may change and can differ depending on your personal circumstances.
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