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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