Thursday, July 19, 2007

Crude Oil May Fall Next Week as U.S. Refineries Open Units, Survey Shows

(Bloomberg) -- Crude oil may fall in New York next
week on speculation that U.S. fuel stockpiles will increase
because refineries are opening units after making repairs.

Fourteen of 33 analysts surveyed, or 42 percent, said oil
prices will decline. Twelve, or 36 percent, said prices will
increase and seven forecast little change. Last week, 50 percent
of respondents said prices would decline.


Read more at Bloomberg Energy News

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