PV Oil Co., Vietnam’s state-owned oil-marketing company, sold a cargo of Rang Dong crude to Petroleo Brasileiro SA (PETR4), known as Petrobras, at a premium of between $3.10 and $3.20 above benchmark Minas oil prices, according to two traders who participate in the market, declining to be identified because the information is confidential.

Details of the deal are as follows:

-----------------------------------------------------------
Crude:      Rang Dong (Vietnam)
Price:      Premium of about $3.10-$3.20 to APPI/Platts Minas
Loading:    May 21 to May 29
Quantity:   250,000 barrels
Buyer:      Petrobras
-----------------------------------------------------------

To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net