Oil May Rise on Irish Bailout Outlook, Survey Shows
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Oil may increase next week on speculation Ireland will accept a European Union-led financial bailout, reducing concern the region’s debt crisis will spread, a Bloomberg News survey showed.
Eighteen of 38 analysts, or 47 percent, forecast crude oil will climb through Nov. 26. Ten respondents, or 26 percent, predicted prices will fall and 10 estimated there would be little change. Last week, 43 percent said futures would rise.