Thursday, January 31, 2008

Price trends of oil, polymer feedstock and commodity polymers in Asia for t...

Bolstered by an improvement in the US economic sentiments, crude oil prices moved up marginally

CRUDE OIL Improvement in US economic sentiments has kept crude oil futures about 1% higher than last week's prices. Crude oil futures inched up to US$90.7 in New York, as optimistic economic outlook toned down fears of diminishing demand from USA. Announcement of an economic stimulus package mid week has raised hopes that USA may avoid recession, eventually leading to a gradual recovery in prices.

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