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People & Business :: Energy and Feedstocks

November 7, 2007

Escalating Oil Prices Continue to Pressure Downstream Pricing

Rebecca Coons

Crude oil prices reached a new high last week, soaring above $93/bbl on news of low inventories, tensions in the Mideast, and production problems in Mexico. Naphtha prices rose in line with oil last week to as high as 230 cts/gal, while ethane was up to 104...

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