Crude oil for May delivery settled at US$105.62 a barrel on the New York Mercantile Exchange amid continuing concerns that energy demand would be affected by a slowing US economy.
CRUDE OIL The week of March 31, 2008 has witnessed a four dollar hike from last week, as weekly inventories in USA recorded a dip, and the US economy continued weakening. Crude oil for May delivery settled at US$105.62 a barrel on the New York Mercantile Exchange amid continuing concerns that energy demand would be affected by a slowing US economy. Oil prices have dropped mid week after the United States Commerce Department reported that the US economy, the world's biggest oil consumer, grew at a 0.6% in Q4 of last year, mainly due to a widespread housing market downturn and as a related credit squeeze in the US banking system broadened.
Wednesday, April 02, 2008
Price trends of oil, polymer feedstock and commodity polymers in Asia for the we..
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