Crude oil moved up by over 9% mid week, rising above US$54 on news of interest rate cut by China to stimulate the domestic economy. However, oill prices ended the week of December 1, 2008 at US$52 a barrel on news of a decision by OPEC to defer output reduction until December 17 while it gauges the impact of a 1.
For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of December 1, 2008 click here
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