Crude Oil May Fall on Economy as Storm Passes, Survey Shows
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Oil may fall next week after a storm threatening Gulf of Mexico energy installations dissipates and on concern that the global economic recovery is slowing, a Bloomberg News survey showed.
Fifteen of 30 analysts, or 50 percent, forecast oil will decline through Sept. 9. Ten respondents, or 33 percent, predicted prices will increase and five estimated there will be little change during the period. Last week 50 percent of surveyed analysts projected a drop.