Wednesday, December 26, 2007

Oil prices rise on renewed supply concerns

Light, sweet crude for February delivery rose to US$94.39 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. Wednesday witnessed a rise in crude oil prices on renewed supply concerns amid expectations that data will show a new decline in US oil inventories. Crude oil supplies in the United States are expected to fall for the sixth consecutive week.

For more details please click on the following link
http://www.plastemart.com/plasticnews_desc.asp?news_id=11415&P=P

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