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U.S. merchant refiners take oil trading back in-house

NEW YORK, Oct 9 – Independent U.S. refiners are taking back control of their crude supplies just a few years after outsourcing trading to Wall Street banks and bigger companies, hoping to capture more profit from a global market in flux. After the financial crisis of 2007-2009, a number of ailing U.S. refineries were sold to investors such as Carlyle Group ...

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