Chim Sao at Three Month High; Refining Margins Drop: Asia Crude
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Vietnam’s Chim Sao oil sold at the highest premium since June, even as margins from turning crude into fuel products dropped to the lowest level in two months.
PV Oil Corp., Vietnam’s state-run oil-marketing company, sold four cargoes of Chim Sao crude loading in November at premiums of $4.80 to $5.20 a barrel to dated Brent, said three people who participate in the market.