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Tuesday, April 23, 2024

Oil from questionable origins with a 40% discount is being offered to US energy traders, report says

Energy traders in the Houston area have received pitches to buy steeply discounted crude oil with uncertain origins, according to Bloomberg. According to the report, one pitch offered up to 200,000 barrels of heavy-sour crude at a $30 discount to West Texas Intermediate, which was trading at $71.81 …

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