Thursday, November 19, 2009

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended November 16, 2009

CRUDE OIL
Oil prices have ended the week of November 16, 2009 at US$77.4. After dipping to US$76 mid-week, oil prices ended the week on a high note as a wweaker dollar supported hedging activities, while better-than-expected US consumer spending data also buoyed hopes of energy demand recovery in the world's largest oil consumer.

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