Trafigura warns oil at ‘inflection point’ as Iran war stokes bumper half-year profits
Commodity trader’s net profit more than doubles to $4.1bn for October to March period
Trafigura warns oil at ‘inflection point’ as Iran war stokes bumper half-year profits The commodity trader experienced a significant increase in net profit, more than doubling to $4.1 billion for the period of October to March. This substantial financial gain occurred during a time of global geopolitical events. The company is warning that the oil market is at a critical juncture.
- Net profit more than doubled to $4.1 billion.
- The reporting period was from October to March.
- The company warns that the oil market is at an inflection point. Continue reading https://www.ft.com/content/6e357d8a-d370-4501-beef-fa2445f3a557
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