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Futures News

News 6 March 2017
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Forget OPEC’s Output Cut. The WTI/Dubai Price War Is Underway

Forget OPEC’s Output Cut. The WTI/Dubai Price War Is Underway

Bloomberg reports Saudi Arabia cut the pricing for some of its April oil sales to Asia, surprising customers who were expecting an increase that was signaled by the structure of the market   ‘Sweet’ crudes with less sulfur are typically costlier than dirtier ‘sour’ oils because they can be more easily processed into valuable products […]

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