Tuesday, September 16, 2008

Crude Oil

Today crude oil price fluctuate at USD92 - 93 per barrel. What price of fuel are we expecting now? RM 2.20/liter or even lower?

Just came back from Kuantan this morning 2am. Some oil palm sector personnel predict the CPO price will drop further to RM2000/mt before bounce back end of the year. Is that means plantation stocks will further go down? It seem like CI going to touch 1000 marks soon...... sigh!

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