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Breaking Posted 2 hours ago

Trafigura Vitol Expand Venezuelan Oil Sales to Asia Amid Supply Disruption

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Commodity traders Trafigura and Vitol are increasing Venezuelan oil sales to Asia as the country's production rises and Iran war disrupts Middle East supply competition. This oil supply shift could strengthen commodity-linked currencies like CAD and weaken safe-haven demand, while potentially affecting energy-importing Asian currencies as regional supply dynamics change.
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