Wednesday, April 29, 2009

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended April 27, 2009

CRUDE OIL
Crude oil rose to end the week of April 27, 2009 above US$51/barrel. Light sweet crude oil for June delivery increased to US$51.55, mainly on neews of encouraging earnings from Ford (F), American Express and Microsoft that aroused hopes of improved energy demand, propped by a weakening US dollar that supports crude's hedge value.

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