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Gasoline and oil marketing and distributors might offer clients current market quotes on outright pricing. They might also offer spread levels between crude grades and forward markets. Most gasoline and oil marketing and distributors use the New York Mercantile Exchange and the International Petroleum Exchange. Gasoline and oil marketing and distributors tend to have a wide range of customers include major oil companies, independent refiners and producers, shipping companies, government agencies, trading houses, banks and investment funds. Most common transactions used by gasoline and oil marketing and distributors might be cash and a variety of price-hedging programs. Most gasoline and oil marketing and distributors should be able to provide up the minute information of the current oil markets, associated swaps and derivatives.
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