Oil May Fall as Manufacturing Slows, Survey Shows
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Crude oil may fall next week as data on manufacturing, jobless claims and home sales bolster concern the U.S. economic recovery is faltering, a Bloomberg News survey showed.
Twenty of 38 analysts, or 53 percent, forecast crude oil will decline through July 9. Ten respondents, or 26 percent, predicted that futures will be little changed and eight saw an increase. Last week an equal number of analysts forecast a gain or drop.