Analysts Split on Oil-Price Direction, Survey Shows
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Analysts surveyed by Bloomberg News were split over whether oil prices will rise or fall next week on speculation the dollar will extend eight-month lows against the euro and as the Federal Reserve acts to support the economy.
Fifteen of 35 analysts, or 43 percent, forecast crude will advance through Oct. 22. Fifteen more respondents predicted that futures will decline. Five said there will be little change. Last week, 52 percent of analysts expected an decrease.