Trafigura Books Record Profits In Volatile Oil Market ...Middle East

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Trafigura Books Record Profits In Volatile Oil Market
Trafigura, one of the world’s largest independent oil traders, reported on Friday a record-high net profit for the six months ended March 31, as the market turmoil and volatility following the Russian invasion of Ukraine drove commodity prices sky-high. Trafigura booked a net profit of $2.7 billion for the six months to end-March, a record high result which was up by 27 percent compared to the same period of the previous financial year. Revenues jumped by 73 percent to $170.6 billion due to the higher commodity prices and the volumes Trafigura…

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