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How Dubai is reshaping the global oil trade
Behind the Money
The Importance of Secrecy in Oil Trading
Switzerland was considered to be an ideal place for traders to set up shop. Swiss bankers are famously discreet, meaning it's much easier to keep your commercial secrets hidden from prying eyes. Switzerland had this history of political neutrality, meaning that traders who generally feel agnostic about the politics of the regime from which they're buying commodities. And these traders have to go there and buy all because that's where the oil is produced.
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