A review of Spread Betting Oil Futures Trading:
Spread Betting Oil Futures Trading
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Spread Betting Oil Futures Trading - 06 July 2012
US crude oil futures posted a slight decline to $87.22 yesterday, driven by a strengthening US dollar and fading hopes that the central banks would add more stimulus than the markets expected.
This came despite a surprisingly higher-than-expected fall in the US weekly crude inventories.
Spread Betting Oil Futures Trading - 05 July 2012
Some mild profit taking after the last few days' rally sent the price of WTI crude oil $0.69 lower yesterday, with the market closing at $87.06.
Energy investors will be carefully watching the ECB and BoE meetings today, hoping for additional stimulus measures that should kick-start increased demand for oil.
Since global coordination has been mentioned a few times, it could be an indication that the Fed will follow suit tomorrow, however this seems unlikely ahead of the Presidential elections.
Spread Betting Oil Futures Trading - 04 July 2012
With Iran back in the headlines, it was only a matter of time before a risk premium was added back into the price of crude oil.
Yesterday, we seemed to see exactly that as US crude surged by $3.99 to $87.66. The rally might have also been accentuated by some short covering ahead of the ECB and BoE meetings and Friday's US Non Farms data.
Spread Betting Oil Futures Trading - 03 July 2012
Nymex crude oil prices lost $0.90 yesterday, closing at $83.75, as optimism regarding the EU's plan was quickly replaced by worries of another dip into recession.
By and large, yesterday's manufacturing data from around the world was disappointing and so this weighed on the energy markets.
It also seems that the ongoing Iranian threats to close the Strait of Hormuz were pushed to the back of traders' minds as they provided limited support.
Spread Betting Oil Futures Trading - 02 July 2012
A commitment by Europe to use funds for bailing out banks directly was met with a sigh of relief by energy investors who pushed the price of US crude oil $6.50 higher to $84.96.
Crude prices were the best performers in the commodities markets. Nevertheless, the climb in US crude was accentuated by returning fears over Iran's threats to close the Strait of Hormuz.
Spread Betting Oil Futures Trading - 29 June 2012
There is no crude oil market commentary today. However you can see the latest energies technical analysis on:
Spread Betting Oil Futures Trading - 28 June 2012
Oil is weakening again and we are seeing a slight fading in geo-political tension in the Middle East. As a result, the natural antagonism between OPEC nations when prices start to slide may well rear its head.
OPEC nations depend massively on the flow of oil dollars as many have virtually no other notable sources of revenue.
If the price falls then the temptation to sneakily pump more becomes almost too large to ignore.
The effects of ever increasing social systems across the globe have created massive problems for treasuries.
Countries which, five years ago, would have been happy with the price of crude oil being above $50, are now seemingly in real fiscal trouble when it moves below $100.
At the moment, the price of crude seems to be finding it much easier to fall rather than rise. With Brent crude oil now trading in the low $90's, buyers are once again looking nervously over their shoulders.
Support is at $92.40/50 and $91.75/85, with resistance at $93.10/20 and the recent highs of $93.90/94.00.
Spread Betting Oil Futures Trading - 27 June 2012
A surprisingly better-than-expected US housing report supported US crude yesterday, helping the market settle $0.13 higher at $79.36.
However, Brent crude oil was the main driver for energies as it closed $2 higher on the back of a strike by Norwegian oil workers.
At the same time, concerns about crude supplies made headlines as the embargo on Iranian oil comes into effect on Sunday.
Spread Betting Oil Futures Trading - 26 June 2012
WTI crude oil prices resumed their slump yesterday as energy investors are becoming increasing nervous that European leaders will fail to solve the debt crisis.
In the meantime, Tropical Storm Debby did less damage than initially predicted in the Gulf of Mexico, and this has removed some of the risk premium.
Overall, WTI crude oil lost $0.55 to close the day at $79.21. The bears are still in control this morning, managing to drag the market down to $78.90 at the time of writing.
Spread Betting Oil Futures Trading - 25 June 2012
The price of US crude oil rallied $1.65 to $79.76 a barrel on Friday, driven by a slightly weaker dollar and a modest recovery in the stock markets.
The bounce was assisted by tropical storm Debby threatening oil refineries on the US Gulf Coast, however, crude prices are dipping this morning in line with the general risk aversion.
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.
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.
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.
Spread Betting Oil Futures Trading - edited by MJ, 06 July 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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