UPDATE 1-India IOC buys 3 mln bbls June-loading U.S. crude as arbitrage opens
May 11, 2018 at 05:00 AM EDT
NEW DELHI/SINGAPORE, May 10 (Reuters) - Indian state-refiner Indian Oil Corp (IOC) has bought 3 million barrels of U.S. crude for loading in June as the arbitrage for American oil to Asia has opened, a senior source privy to the deal said.
