How to profit from a falling oil price

The oil price is now at its lowest level since last October. Spread betters can profit from any further drop. Tim Bennett explains how.

The oil price is now at its lowest level since last October. Spread betters can profit from any further drop. Here's how.

First off, the numbers. In New York West Texas intermediate crude is down to around $85 per barrel and Brent crude has slipped under the 'psychologically important' $100 mark to trade at $99. In May WTI lost 18% while Brent crude lost 15%.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.