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Asia-Pacific Crude-Traders eye Chim Sao for Aug price cues
[SINGAPORE] Traders are awaiting results of the Vietnamese Chim Sao tender that closed on Wednesday for pricing cues to kick-start trade for August-loading sweet crude in Asia.
PV Oil offered two cargoes of the medium grade for August, one more than the previous month.
Regional grades may stay under pressure on a slight increase in August's supply from July while weak refining margins capped demand for incremental crude in Asia.