Monday, November 16, 2009

Crude Oil May Fall on Ample Stockpiles, Survey Shows

(Bloomberg) -- Crude oil may decline next week as U.S. fuel stockpiles increase and refineries reduce operating rates because of weak demand in the world’s biggest energy- consuming country. Fourteen of 28 analysts, or 50 percent, said futures will drop through Nov. 20, according to a Bloomberg News survey of analysts. Six respondents, or 21 percent, predicted the market will rise and eight forecast little change. Last week, analysts were split over whether oil would rise or fall.

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

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