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Iraq sells first oil supertanker through auction

May 6th,2017

Crude oil Crude oil This is another sad day in the history of the oil industry , which if it continues it may turn “ The Crude Oil Marketing “ into chaos.

This type of auction is common , but it differs from the over-the- counter auction

In the Traditional Auctions there are many buyers , but only a single seller, while Auction Markets for securities for example ,have multiple buyers and multiple sellers..Click here) ....