Thursday, June 14, 2007

Crude Oil May Rise Next Week as U.S. Gasoline Output Lags, Survey Shows

(Bloomberg) -- Crude oil may rise next week on
concern that U.S. refineries aren't producing enough gasoline to
keep up with increasing consumption.

Eighteen of 37 analysts surveyed, or 49 percent, said oil
prices will increase. Ten, or 27 percent, said prices will be
little changed and nine forecast a decline. Last week, 36
percent of respondents said prices would fall.


Read more at Bloomberg Commodities News

No comments: