Mexican petrochemical producers rebound on oil
Friday, June 5, 2015
Mexico’s two largest petrochemical companies, among the hardest hit by a global plunge in oil prices, are now top performers as crude’s rebound helps them take advantage of a landmark energy industry opening.
“The market believes the worst has passed,” Monex analyst Fernando Bolanos said in a telephone interview. “They see oil prices benefiting the companies’ results.”
Source: Bloomberg