Friday, October 30, 2009

Oil May Fall Next Week on Declining Equities, Rising Dollar, Survey Shows

(Bloomberg) -- Crude oil may fall next week on speculation that the dollar will rebound against the euro and equities will decline. Fifteen of 34 analysts, or 44 percent, said futures will drop through Nov. 6. Ten respondents, or 29 percent, predicted the market will rise and nine forecast that futures will be little changed. Last week, 50 percent of analysts said prices would fall.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adVF9jbOTUlE

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