Home Business U.S. oil boom delivers surprise for traders – and it’s costly

U.S. oil boom delivers surprise for traders – and it’s costly

By
Lucky Jain
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430
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(G.N.S) Dt. 15 New York The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market. Trading desks of oil major BP and merchants Vitol, Gunvor

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