Thursday, January 10, 2008

Price trends of oil, polymer feedstock & commodity polymers in Asia for the...

Crude oil prices continue to move up, spiking to hundred dollars mid week.

CRUDE OIL Crude oil future spiked to US$100 per barrel mid week, before slipping to US$97.9 per barrel for February delivery on the New York Mercantile Exchange. Crude oil continues to rise on supply concerns in the first week of January 2008. The US$100 mark was breached midweek mainly as a result of violence in OPEC countries Nigeria and Algeria, a weak dollar, a sudden bout of cold weather.

Related Posts by Categories



Read daily plastics industry news at Plastemart.com

0 comments: