Friday, June 22, 2007

Analysts Are Split on the Direction of Oil Prices Next Week, Survey Shows

(Bloomberg) -- Analysts surveyed by Bloomberg News
were split over whether oil prices will rise or fall next week
amid surging U.S. inventories and threats to Nigerian shipments.

Eighteen of 48 analysts surveyed, or 38 percent, said oil
prices will increase. Another 18 said that prices will decline.
Twelve, or 25 percent, said prices will be little changed. Last
week, 49 percent of respondents said prices would rise.


Read more at Bloomberg Energy News

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