Economics

Oil May Fall Next Week on U.S., China Outlook, Survey Says

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Oil may fall next week on concern that economic growth will slow in the U.S. and China, the fuel’s top two consumers, according to a Bloomberg News survey.

Twenty-two of 40 analysts, or 55 percent, forecast oil will decline through Sept. 30, while nine respondents, or 23 percent, predicted prices will increase. Nine estimated there will be little change. Last week, 45 percent of the surveyed analysts projected a drop.