MoneyRates Blog
Finding Lower Gas Prices Online
By MoneyRates team | Money-Rates Columnist
Analysts at CIBC World Markets are forecasting gas prices as high as $7 a gallon within four years with estimated crude oil prices of over $200 a barrel. The shocking scenario is even more alarming because CIBC analysts were mocked for their forecast a couple of years ago of $100 a barrel (when the current [...]
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Possible Way to Benefit from Higher Oil Prices?
By MoneyRates team | Money-Rates Columnist
Crude oil futures set a new intra-day record today of $119.86 a barrel after closing at a record close Monday of $117.48. In some cities gasoline is over $4 a gallon while the national average is a record high of over $3.50 a gallon. Analysts are quoting oil supply worries and a weak dollar as [...]
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Not all Economists think the Fed Should Lower Rates
By MoneyRates team | Money-Rates Columnist
The Bank of England lowered its key interest rate by a quarter-point to 5.50 percent today marking their first rate cut in more than two years. The Bank of England stated that “Although output in the United Kingdom has expanded at a brisk pace for the past two years, there are now signs that [...]
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