Risk Capital FX Oil Bulletin - Magnus Carlson on the Death of Hugo Chavez and Oil Prices.

The death of a president can always affect markets and Hugo Chavez's death is sure to be a key driver in the price of oil and unleaded gas in the short term due to the uncertainty caused by differing opinions on the future of the oil-rich nation.
By: PR Office - Risk Capital FX
 
March 6, 2013 - PRLog -- Magnus Carlson, A Senior Commodity Broker at Risk Capital FX said  - "What investors have to understand is that Venezuela holds 20% of the worlds oil reserves. This is no small figure and the goings on behind the scenes of the country after Chavez will be a key driver in future oil prices."

He goes on to say "One thing that commodity traders really don't like is uncertainty and we are going to see a rise in the price of oil and unleaded gas in the near term in my opinion."

His colleague, Senior Broker Ashley Davenport agrees and believes that unleaded gas particularly will rise in price in the months ahead due to a combination of rising demand from China and geo-political drivers such as uncertainty in Venezuela and tensions in the Middle East.

Speaking with a representative of Commodity Offshore magazine, Magnus had this to say "We are putting our retail clients into unleaded gas heavily. This is an opportunity not to be missed for investors that want the chance to make some strong profits in the energy market."

The annual RIsk Capital FX commodity trading seminar is currently being held in the companies head office in Tokyo, Japan. Speakers at the event include Matthew Cannon, Michael Cannon, Magnus Carlson and Ashley Davenport.

The companies new trading software was given to attendees of the seminar ahead of the full launch of the product which is now scheduled for the 8th of March.

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Risk Capital FX has been a commodity and forex broker for over 10 years. With the ability to clear on almost every exchange worldwide and offices in Tokyo, Japan and San Jose, Costa Rica, Risk Capital provides access to commodity and forex trading around the clock.

For more information, please read the about us page of the Risk Capital FX website at  http://www.riskcapitalfx.com/about-risk-capital-fx.php or call the company toll free at +1 877 805 6681.

Risk Disclosure: Past results do not guarantee future performance. Commodity and forex trading can involve substantial risk of loss and because of this only risk capital should be used.
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Source:PR Office - Risk Capital FX
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Tags:Hugo Chavez, Risk Capital FX, Ashley Davenport, Magnus Carlson, Unleaded Gas
Industry:Energy, Investment
Location:Minato-ku - Tokyo - Japan
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Page Updated Last on: Mar 06, 2013
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