Crude oil prices may increase on speculation unrest in the Middle East will curb exports as Saudi Arabia reduces production, a Bloomberg News survey showed.
Fifteen of 33 analysts, or 45 percent, forecast crude oil will increase through April 21. Nine respondents, or 27 percent, predicted prices will decline and nine projected little change. Last week, 49 percent of respondents said futures would gain.
Prices have advanced 18 percent this year as unrest spread from Tunisia to Egypt, Libya, Yemen, Bahrain and Syria. Iran may be helping Syria’s government suppress political protests, U.S. State Department spokesman Mark Toner said yesterday in Washington. Human Rights Watch said in an April 12 report that at least 130 people have been killed in the Syrian crackdown.
No comments:
Post a Comment