Oil margin pressure takes shine off Trafigura's annual profits
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LONDON (Reuters) - Global commodity trader Trafigura Group reported its lowest annual net profit in eight years on Monday as a drop in oil trading margins offset a strong performance by its metals and minerals division.Traded volumes at its metals division increased by 37 percent in the financial year that ended on Sept. 30, mainly in coal, which had a "surprisingly strong" year, the company said. In oil trading, however, Trafigura said the oil structure shift to backwardation, whereby the front..