Friday, August 28, 2009

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended August 24, 2009

CRUDE OIL
Crude oil prices spiked to hover around US$74 per barrel in the week of August 24, 2009 amid growing optimism about a global economic recovery. An increase in energy demand is expected based on a statement by Federal Reserve Chairman that the US economy is reviving.

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