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Article: London financial district bets against oil at $50 in next month.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 17, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Angus McCrone, Evening Standard, London Knight Ridder/Tribune Business News
Aug. 17--City punters believe there is only a one-in-five chance oil prices will break the $50 a barrel mark within the next month despite the series of records set on both sides of the Atlantic since the start of August.
Traders claim that smaller players are also beginning to take up short positions to "pick the top" of the oil price in the belief it will start to ease in the run-up to the fourth quarter of the year.
James Parker, a dealer at City Index, said: "There are people betting on even higher prices, and some of these have quite large positions, but ...
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Article: Evening Standard, London, market report column.
Knight Ridder/Tribune Business News;
August 17, 2004 ;
700+ words
... ... Mickey Clark, Evening Standard, London Knight ... Ridder/Tribune Business News Aug. 17 ... more of the Evening Standard, or to subscribe ... c) 2004, Evening Standard, London ... Ridder/Tribune Business News. For information ...
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