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HomeEconomyIndia's IOC buys U.S. WTI crude for January delivery

India’s IOC buys U.S. WTI crude for January delivery

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SINGAPORE (Reuters) – Indian Oil Corp, the country’s largest refiner, has bought 4 million barrels of U.S. West Texas Intermediate crude via a tender for January delivery, trade sources said on Friday.

Occidental and Mitsui sold 2 million barrels of WTI each at about $3 a barrel above dated Brent on cost and freight basis, they said.

The refiner had sought to buy sweet crude from West Africa or North America in the tender.

(Reporting by Florence Tan and Nidhi Verma; Editing by Rashmi Aich)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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