Analysts say oil prices may drop next week as consumption ebbs

03/7/2008 | Bloomberg

Forty-five percent of analysts surveyed predicted oil prices will drop next week as less fuel is used in the U.S. Investors may continue buying commodities because the dollar's value has declined, but at some point people will notice the U.S. stockpiles of gasoline are "at the highest level since the 1990s," said one analyst. Plus, the end of the heating season will curtail fuel consumption.

View Full Article in:

Bloomberg

Published in Brief: