Commodities Trader Trafigura Reports Record Year in Oil and Metals
- Oil trading gross profit soars 64% to record $1.7 billion
- Share buybacks plunge 36% to 8-year low but equity value gains
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Trafigura Group Ltd. reaped record profits from oil and metals trading this year, helping the commodities trader start paying down its heavy debt load and clean up its balance sheet.