CRUDE OIL
Crude oil prices have touched record peak levels in New York spiking past US$110 per barrel for the week of April 14, 2008. World oil prices continue to hover around record levels this week on mounting concerns of a weak US dollar and tight supplies. New York's main oil contract, light sweet crude for delivery in May ended the week at US$110 per barrel, after spiking to US$112.21 in intraday trade. Despite USA heading for recession, an upward revision in China's GDP for last year to nearly 12% is helping to keep the global demand outlook for oil fairly positive.
Friday, April 18, 2008
Price trends of oil, polymer feedstock and commodity polymers in Asia for t...
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