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Petroleum cuts Tapis price to US$6.50

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Petroleum cuts Tapis price to US$6.50

Post by hlk Fri 08 Jul 2011, 12:21

Petroliam Nasional Bhd, Malaysia’s state oil company, lowered the price-adjustment factor for its benchmark Tapis crude to US$6.50 a barrel for July shipments from $6.90 for June, according to an official, who asked not to be identified because of internal policy. -- Bloomberg

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