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Refiners bet on slide in crude

China Daily | Updated: 2008-06-24 07:55

Refiners bet on slide in crude

A trader laughs while working in the crude oil options pit at the New York Mercantile Exchange. Bloomberg News

Refinery executives are buying more of their own stock than at any time since 2000, prompting investors to bet that a retreat in oil will boost profits and reverse the biggest share decline in a decade.

Refiners bet on slide in crude

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