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Trafigura improves result in struggling market

Even though prices are dropping and pulling revenues down with them, volumes are still increasing - and this has improved the result, according to the financial report for the first nine months of the year from trading house Trafigura, which trades minerals, oil and metals.

An oversupply of oil and a decline in the prices of commodities has not stopped trade house Trafigura - which trades commodities such as oil, minerals and metals - from achieving a result for the first nine months of the year which is significantly better than last year.

In the first nine months of the year, revenue fell to USD 97.2 billion dollars compared to USD 126.2 billion in the same period last year, according to Trafigura's interim report for the period, released on Monday.

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