Spread Trading

By Henry T. Azzam

Football Betting Spread OPEC and the US Government said that world demand could spell a new era of higher oil prices with Brent crude remaining above $35 a barrel in 2005.

oil production could plateau, some industry leaders believe, setting the ne yellestage for a period marked by energy shortages and high prices. OPEC's Divisions Rise to Surface As high crude prices fuel the economic boom in oil capitals, they're reigniting old divisions within OPEC, stirring doubts about the cartel's role

Commodity Spread Trading If you would like to receive late breaking news on stocks covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.Print This Page

Oil prices hit a high of US$112 a barrel as supply concerns remain, before closing at US$110.07, up 2.2%.

Nfl Betting Spread Sept 8, 2004 (AXcess News) Amman - Oil prices surged to a new record high close to $50 a barrel in the US market recently before adjusting lower, supported by strong world demand especially from the US and china, limited production increases from the major oil producers, worries about the security of supply from the Middle East region, uncertainties associated with Russia's oil production following the collapse of the oil giant Yukos which exports 1.3 million bpd, strong buying by the hedge funds and minimal excess production capacity still available for OPEC. Taken together all these factors could spell a new era of higher oil prices with Brent crude remaining above $35 a barrel in 2005. This should help maintain the current economic up cycle in the region for the third year in a row.

Fueled by higher oil prices, record government spending helped to boost GDP growth in 2004 and 2005 to approximately 18% and 11%, respectively.

Advanced Commodity Spread The US government has decided recently to raise its central price forecast for US crude prices over the next 18 months to $37 a barrel. OPEC is talking about a higher price range of $28-$35 for OPEC crude, up from the current range of $22-$28. The price of OPEC basket of crude oil usually trades $3 to $4 a barrel below the West Texas Intermediary (WTI), the US benchmark for crude oil. The International Energy Agency (IEA) also revised its estimates for crude oil prices through 2005 to be higher than $34 a barrel for Brent crude.The average Brent crude kept above $24.5 a barrel for four years running, and the whole oil price futures curve has moved up. Average Brent crude prices per barrel were $28.4 in 2000, $24.5 in 2001, $25.0 in 2002, $28.48 in 2003 and $33.8 in the first half of 2004. This year's average could reach $35 a barrel, or 22 percent higher than last year's average. The price for delivery as far as 2010 is now close to $30 a barrel. This shows that markets have abandoned the belief that long-term oil prices will stay in a range of $18 to $24 a barrel. In fact, in a recent speech, Federal Reserve Chairman Alan Greenspan noted that the long-term oil future market suggests that oil prices are going to stay firm for several years to come.Advertisement

By Voanews OPEC oil ministers have agreed to prop up sliding oil prices by cutting production by one million barrels a day. If you would like to receive late breaking news on oil & gas stocks covered by AXcess News then you need to subscribe. By joining, box first.Print This Page Dec 10, 2004 (AXcess News) OPEC oil ministers have agreed to prop up sliding oil prices by cutting production by one million barrels a day.

Betting Exchange Spread Most of the upward pressure on oil prices is the result of increases in demand and potential supply disruptions that are unlikely to disappear any time soon. On the demand side, the upturn in US economic growth and the record sales of sport utility vehicles (SUVs) have helped push up consumption by more than 4.6 percent over the past year. China and many other developing countries, have become much more dependent on oil in recent years as their economies have moved from agriculture to heavy manufacturing. In fact, china has just past Japan to become the world

to do with fundamentals. According to him, oil supplies are adequate, Saudi Arabia’s production capacity is increasing on schedule, and a potential OPEC production increase will be on the table December 5 at a meeting of oil ministers. He further maintains that OPEC has very little direct control over the price of oil, which is influenced by a myriad of market forces (such as OPEC supply, the U.S. dollar and geopolitical tension), and has not

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