Sunday, July 1, 2007

Oil May Rise on Increased Consumption by Refineries in U.S., Survey Shows

(Bloomberg) -- Crude oil may rise next week on
speculation that U.S. inventories will fall because of increased
consumption by refiners.

Sixteen of 33 analysts surveyed, or 48 percent, said oil
prices will increase. Eleven, or 33 percent, said prices will
fall and six forecast little change. Analysts were split last
week with 38 percent looking for a gain and 38 percent expecting
a decline.


Read more at Bloomberg Energy News

No comments: