Crude oil prices lost over eleven dollar in the previous week to settle at US$75.11/barrel last Friday before showing a slight rebound at the start of this week. As per Chemorbis, the drop in crude fuutures was triggered by debt troubles in Europe and renewed efforts to tighten monetary policy by China’s Central Bank.
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Wednesday, May 12, 2010
Sentiment in Asia’s PP market lackluster as oil prices plunge
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