US oil boom delivers surprise for traders — and it's costly - free news

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    • Monday, 16 July 2018

    Home GEO TV - Business US oil boom delivers surprise for traders — and it's costly

    US oil boom delivers surprise for traders — and it's costly

    Photo: File LONDON/NEW YORK: The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of US light crude to benchmark Brent in just a month, as surging US production upends the market.Trading desks...

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