Wednesday, September 17, 2008

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of September 15, 2008

CRUDE OIL
As the dollar becomes stronger against major currencies, it has diminished the allure of commodities as a hedge, bringing down oil demand. Cruude oil for October delivery declined by five dollars to US$101/MT in the week of September 15, 2008 in New York.

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