Friday, June 06, 2008

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended June 2, 2008

CRUDE OIL
Crude oil futures have fallen by five dollars to lows of US$127 per barrel in New York for the week of June 2, 2008. From all time highs of USS$135 per barrel on May 22, crude oil prices have dipped sharply on a report that fuel consumption in USA has fallen from a year ago levels due to higher oil prices.

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