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  • Oil price volatility rises

    Volatility has been rising in the crude oil and feedstocks markets. Different players have completely different strategies. This makes it difficult for chemical companies to plan ahead in terms of their feedstock costs. In turn, this will adversely impact their margins. Last Monday, crude reached a new...
    Posted to ICIS Blogs (Weblog) by Anonymous on 03-24-2008
  • The US$ tumbles

    The US$ took a major tumble yesterday, as traders decided the Bear Stearns news meant there was little risk of central bank intervention. Against the Japanese yen it fell almost 2.5% during the day, closing at ¥97.35, as shown on the chart. It also fell 2% against the Swiss Franc to SwFr 0.98, and continues...
    Posted to ICIS Blogs (Weblog) by Anonymous on 03-18-2008
  • Buffett says US is in recession

    ‘If it walks like a duck, and quacks like a duck, then its a duck’. This simple logic probably best sums up Warren Buffett’s position on the current state of the US economy. ‘By any commonsense definition’, said Buffett yesterday, ‘ the US is in recession’ . Buffett is the world’s leading investor. And...
    Posted to ICIS Blogs (Weblog) by Anonymous on 03-04-2008
  • 4 issues driving today’s oil price

    Quietly, oil has moved back to the $100/bbl level . This is quite different from January, when it first hit the magic $100/bbl number. Financial players had jumped on the trend from November as crude rose above $80/bbl, and then wanted to ‘get out at the top’. Their thinking was that a US recession would...
    Posted to ICIS Blogs (Weblog) by Anonymous on 02-21-2008
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