Federal Reserve Plan Weakens Dollar and Raises Oil prices

Oil May Rise as Federal Reserve Stimulus Plan Weakens Dollar,  Crude may increase next week after the Federal Reserve announced plans for bond purchases, weakening the dollar, a Bloomberg News survey showed.

Twenty-nine of 49 analysts, or 59 percent, forecast crude oil will rise through Nov. 12. Thirteen respondents, or 27 percent, predicted prices will fall and seven estimate there would be little change. Last week, 54 percent said futures would decline- Bloomberg