Drop in crude oil price pulls down CPO


  • Business
  • Thursday, 24 Jul 2008

PETALING JAYA: Crude oil prices fell to their lowest in more than a month yesterday even as the US Congress planned to curb excessive speculation, but analysts believe demand for the commodity will continue to be strong.

The fall in the crude oil price also dragged down the crude palm oil (CPO) price, which tumbled to a seven-month low of RM3,027 a tonne.

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