| 13.11.2008 - Commodity price crash hurts firms |
| From Business-standard.com: Companies are stuck with huge inventories. The crash in commodity prices is hurting companies as many are carrying huge inventories of raw material, and in some cases, finished goods made with raw material bought at higher prices. This is especially true for oil refiners. Typically, oil refiners take 8-10 weeks to purchase, processes and sell the products at retail outlets. But crude prices have come down from $147 a barrel to $62 a barrel....... Full Article: Source |