Analysts Split on Oil Price Direction, Survey Shows
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Analysts surveyed by Bloomberg News were split over whether crude oil prices will rise or fall next week amid mixed economic reports and ample stockpiles.
Sixteen of 47 analysts, or 34 percent, forecast crude will advance through July 2. Sixteen more respondents predicted that futures will decline. Fifteen said there will be little change. Last week, 52 percent of analysts expected an increase.