Crude Oil May Rise on Nigeria, Iran Supply Threat, Survey Shows
Oil prices may rise amid supply disruptions in Nigeria and the threat of lower output from Iran, a Bloomberg survey showed.
Nineteen of 54 analysts, traders and brokers, or 35 percent, said prices will rise next week. Eighteen, or 33 percent, expected little change and 17 forecast a drop. Forty-one percent of respondents predicted a decline a week ago.
( Full story here )
Nineteen of 54 analysts, traders and brokers, or 35 percent, said prices will rise next week. Eighteen, or 33 percent, expected little change and 17 forecast a drop. Forty-one percent of respondents predicted a decline a week ago.
( Full story here )
posted by Oil Shock at 3/02/2006 10:26:00 PM
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