Oil May Fall as Fuel Stockpiles Gain, Survey Shows
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Crude oil may fall next week on speculation that U.S. fuel inventories will climb as demand declines, a Bloomberg News survey showed.
Twenty-eight of 46 analysts, or 61 percent, forecast crude oil will decline through Aug. 13. It was the most bearish result since July 2009. Twelve respondents, or 26 percent, predicted that futures will increase and six saw little change. Last week 42 percent of analysts forecast a drop.