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BP reports strong quarter for oil traders amid Iran conflict
BP has reported an exceptional quarter for its oil trading division, driven by increased volatility due to the ongoing conflict in Iran. The company is capitalizing on the heightened market fluctuations to boost its trading profits.
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What happened
BP has reported an exceptional quarter for its oil trading division, driven by increased volatility due to the ongoing conflict in Iran.
Why it matters
The company is capitalizing on the heightened market fluctuations to boost its trading profits.