Oil Price May Hold Steady Amid Europe Debt Concern, Survey Shows
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Oil prices are forecast to be little changed next week as signs of U.S. economic recovery are balanced by concerns that Europe’s debt crisis may hurt growth and fuel demand, according to a Bloomberg News survey.
Fifteen of 36 analysts, or 42 percent, predicted crude oil will be little changed through Nov. 26. Thirteen respondents, or 36 percent, estimated prices will rise and 8 predicted a decline. Last week, 47 percent said futures would rise.