Crude Oil October 18, 2024 03:00:24 AM
India's IOC Buys U.S. WTI Crude for January Delivery
Occidental and Mitsui sold 2 million barrels of WTI each at about $3 a barrel above dated Brent on cost and freight basis, they said.
SEATTLE (Oil Monster): Indian Oil Corp, the country's largest refiner, has bought 4 million barrels of U.S. West Texas Intermediate crude via a tender for January delivery, trade sources said on Friday.
Occidental and Mitsui sold 2 million barrels of WTI each at about $3 a barrel above dated Brent on cost and freight basis, they said.
The refiner had sought to buy sweet crude from West Africa or North America in the tender.
Courtesy: www.reuters.com