Friday, April 27, 2007

Oil May Rise Next Week on Below-Normal U.S. Gasoline Supply, Survey Shows

(Bloomberg) -- Crude oil may rise next week on speculation U.S. gasoline supplies will remain below normal going into the summer after refiners shut units for repairs.

Fourteen of 33 analysts surveyed, or 42 percent, said oil prices will rise. Eleven, or 33 percent, said prices will decline and eight forecast that oil will be little changed. Last week, 45 percent of respondents said prices would fall.


Read more at Bloomberg Energy News

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