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Page added on June 10, 2006

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Crude Oil May Decline Next Week

Crude oil may decline as concern eases that shipments will be disrupted from Iran and Iraq, holders of the world’s second- and third-biggest oil reserves.

Twenty-four of 43 analysts, traders and brokers, or 56 percent, said prices will drop next week. Nine projected a gain and 10 said oil will be little changed. It was the most bearish response in more than seven months in the Bloomberg News survey.

bloomberg



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