Bloomberg – Oil may fall for a third consecutive week on speculation buying by hedge funds will decline after bullish bets on crude oil rose to the highest level in more than four years in December, a Bloomberg News survey showed.
Twenty-two of 42 analysts, or 52 percent, forecast crude oil will decline through Jan. 14. Eleven respondents, or 26 percent, predicted prices will rise and nine estimated there would be little change. Last week, 58 percent of analysts forecast the market would decrease.
