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Wholesale oil petroleum merchants might offer clients current market quotes on outright pricing. They might also offer spread levels between crude grades and forward markets. Most wholesale oil petroleum companies might use the New York Mercantile Exchange and the International Petroleum Exchange. Merchants 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 wholesale oil petroleum businesses might be cash and a variety of price-hedging programs. Most merchants should be able to provide up the minute information of the current oil markets, associated swaps and derivatives. Merchants may be virtually aware of the oil group that is involved in North American crude markets, Persian Gulf and Far East crude.
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