Vitol said to post highest profit since 2011 as oil prices swing
Vitol Group BV earned $1.6 billion last year, the most since 2011, as the world’s largest independent oil trader profited from price swings in the energy market, according to a person familiar with the matter. As oil-producing companies and energy-rich nations suffered amid the rout in crude and petroleum-product prices, closely held Vitol benefited from […]
Dollar slides to 17-month low vs yen as stocks, oil fall
The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors pulled away from riskier assets, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded. The Japanese currency, often sought in times of market turmoil or economic uncertainty, fell as low as 110.30 per […]
