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Brazil Oil Auction Ends in Disappointment

By Jeffrey T. Lewis and Luciana Magalhães SÃO PAULO -- Brazil's second oil auction in two days ended in disappointment, just like the first, with no U.S. or European major oil companies even bidding and only one of the five blocks on offer being sold, to Brazil's state-controlled Petróleo Brasileiro SA and a Chinese partner. The other big companies that had registered to bid on the blocks on Thursday, including Exxon Mobil Corp...