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Commodities Briefing - Categorized | Oil, Trading more

Oil traders diversify into food and metals in quest for profits

Posted on 18 June 2013

Energy trading houses are diversifying into food commodities and metals, which makes them likely to invest in assets such as port capacity as they copy their rival Glencore Xstrata to escape excessive reliance on oil.
Oil giants Vitol and Mercuria have expanded in agricultural commodity markets by recruiting traders in the past 18 months, while Gunvor and Mercuria have also hired metals specialists and begun trading for the first time………………………………………..Full Article: Source


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