Saturday, 27 October 2012 07:50

Surging U.S. Crude Inventories

Oil may decline next week on surging U.S. inventories, weakening demand and higher production, a Bloomberg survey showed. Sixteen of 36 analysts, or 44 percent, forecast crude will decrease through Nov. 2. Fifteen respondents, or 42 percent, predicted a gain. Five forecast little change."

Source: bloomberg.com