Excerpt from: GFT Analysts in the News
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| April 22, 2008 | | Oil futures considering $125 a barrel | As oil prices moved above $118 a barrel before falling back to well above $117 a barrel, analysts for oil futures are now looking at prices rising as high as $125 a barrel. And maybe even higher.
As long as the US dollar remains weak in forex trading, oil prices are expected to continue to rise -- perhaps even hitting a new a record a day. And the US dollar will probably remain weak in forex trading as long as the Fed is expected to cut interest rates.
| Topic Tags: cut interest rates, forex trading, futures trading, oil futures, oil prices, spread bets oil prices, spread betting commodities, US dollar | |
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