Friday, December 26, 2008

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of December 22, 2008

CRUDE OIL
Crude oil prices have ended the week of December 22, 2008 at new lows of US$33.8 in New York, mainly pushed down by lackluster demand. Earlierr in the week, OPEC's biggest output cut in more than a decade failed to stop a price drop as recession sapped demand.

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