Posted prices in the U.S. base oil market were unchanged again this week, and observers said they see little to suggest they will move any time soon.
Sellers and buyers noted that costs have dropped in recent weeks. The price of crude on the New York Mercantile Exchange closed yesterday at $59.80 per barrel, according to Bloomberg. That was $2.43 lower than a week earlier and down from a record $70.85 set Aug. 30.
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