Released on: September 22, 2007, 11:54 pm

Press Release Author: Regent Markets (IOM) Limited

Industry: Financial

Press Release Summary: There have been many activities missed by headlines writers
over the last week due to the focus on the banking crisis. On any other week the
rise in the price of oil would be top of the headlines says Betonmarkets.com\'s
Michael Wright. Oil prices reached record highs for the seventh straight session
last Wednesday after refineries in California and Texas said they had new outages
and the government reported surprisingly large declines in oil inventories.

Press Release Body: Most of the traders have blamed the rise in price for oil on the
fact that oil refineries have been shutting down some of their refining systems for
maintenance while others have broken down. Even during the week of Hurricane Katrina
oil prices stayed below the 77$ mark, a level that has been surpassed this week
easily.

Oil prices have a direct effect on consumer spending, with consumers flinching at
price at the pump. Eventually oil companies and petrol stations pass on these price
increases meaning it can have graduating effect on the nation's finances. As a
result they go out less, and try to stretch their remaining money by spending less
on frivolous items. The retail corporations on the other hand will feel the pinch
twice as hard, as not only will their sales will be decreasing, their operating
expenses will be increasing due to a higher heating bill.

As for relief on the oil price, there doesn\'t seem to be any help in sight, while
the hurricane season is ending the cold weather has increased the need for heating
oil which has caught many companies off-guard. Also not helping the matter is a new
weather system in the Florida area which could turn into a stronger tropical storm.
While traders aren\'t worried about the situation, companies are taking precautions
and are evacuating non essential personal.

There are many ways a trader can profit from an increase in oil prices. When oil
spikes up in price, stock indices tend to suffer. Other areas are the currency
arena, where the USD/CAD pair is known as the commodities pair. When oil prices
increase the pair tends to go lower. During last weeks slide the pair has lost
almost 5 cents, which has almost brought the Canadian dollar to par with its
American neighbor. With Oil not hinting at a reprieve and tension mounting in Iran,
it could be some time before the USD/CAD reverses its decline.

With Betonmarkets.com a trader can profit from this possibility by buying a no touch
trade, which compensates the trader for predicting the level which the pair won\'t
touch. A no touch on the USD/CAD with a trigger above the daily high before the
slide which is at 1.06 with a 25 day term to maturity can potentially yield 7% ROI.
This means that if the US Dollar remains weak against the Canadian Dollar you could
win.


Web Site: http://www.BetOnMarkets.com

Contact Details: Address:
Regent Markets (IOM) Limited
3rd Floor, 1-5 Church Street,
Douglas, Isle of Man IM1 2AG,
British Isles.

Phone: 35621316105

Email: editor@my.regentmarkets.com