Thursday, January 29, 2009

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of January 26, 2009

CRUDE OIL
Crude oil prices have risen to hover under US$46/barrel in the week of January 26, 2008. Friday witnessed a 3 dollar surge ahead of the Lunar Neew Year holidays, and also reflected expectations that crude stockpiles will ease as OPEC members strictly implement production cutbacks.

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