Economics
Oil May Rise on Iran Geopolitical Tension, Survey Shows
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Crude oil may rise next week on speculation that further sanctions against Iran will curb supply from the world’s third-largest oil exporter, a Bloomberg News survey showed.
Twelve of 32 analysts, or 38 percent, forecast oil will gain through Dec. 30. Ten respondents, or 31 percent, predicted prices will drop and 10 estimated there will be little change. Last week, 53 percent of surveyed analysts expected an increase. Oil is up 25 percent this quarter, the biggest gain since the second quarter of 2009.