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Wednesday, September 17, 2008

BetOnMarkets - US government bailed out AIG

The FTSE is currently indicating a high opening. Investors around the world are breathing a sigh of relief after it was announced that the US government bailed out AIG. The announcement has bumped up the FTSE to more then 1% in the pre-open markets.

Oil tried its hardest to breach the 90 dollars per barrel mark, however support finally came back into the market, allowing the price to rebound and is currently trading at more then 94 dollars per barrel. Look for the price of oil to be volatile today as the inventory numbers will be very unpredictable

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