How to play rising oil prices

Oil prices are flirting with the $100-a-barrel mark. And they're likely to head higher from here. Tim Bennett explains how to play rising oil prices via spread betting.

"Oil prices are entering a dangerous zone for the global economy," says Fatih Birol, the International Energy Authority (IEA) chief economist in the FT.

Indeed, over the past year oil import costs for the 34 countries that make up the OECD have soared by $200bn to $790bn, says the IEA.

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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.