Thursday, May 10, 2007

Crude Oil May Rise Next Week on Increased Refinery Demand, Survey Shows

(Bloomberg) -- Crude oil may rise next week on speculation that consumption will jump as U.S. refineries increase gasoline production before summer.

Seventeen of 45 analysts surveyed, or 38 percent, said oil prices will rise. Fifteen, or 33 percent, said prices will decline and 13 forecast little change. Last week, 41 percent of respondents said prices would fall.


Read more at Bloomberg Energy News

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