Oil May Rise on Outlook for U.S. Supply Decline, Survey Shows
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Oil may increase from a two-year high next week amid speculation that the U.S. Energy Department will report inventories tumbled this week, extending the biggest monthly supply drop in four years.
Sixteen of 30 analysts, or 53 percent, forecast crude oil will rise through Dec. 31. Eight respondents, or 27 percent, predicted prices will fall and six estimated there would be little change. Last week, 53 percent of analysts forecast the market would drop.