India's IOC Buys U.S. WTI Crude for January Delivery

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