Thursday, May 08, 2008

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended April 28, 2008

CRUDE OIL
Crude oil prices have risen to US$118 per barrel in New York for the week of April 28, 2008. Prices moved up by around two dollars on news of pproduction cut in Nigeria and reports that US military personnel aboard a cargo ship traveling into the Persian Gulf fired nearly a dozen warning shots at Iranian speed-boats.

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