UPDATE 1-Probes and squeezed profits change the oil trading game <!-- no image --> <div>* Mideast state oil firms vie with established traders (Adds graphics)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=xlFQtUMgJb0:C-_TjTyq1Kg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=xlFQtUMgJb0:C-_TjTyq1Kg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=xlFQtUMgJb0:C-_TjTyq1Kg:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=xlFQtUMgJb0:C-_TjTyq1Kg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=xlFQtUMgJb0:C-_TjTyq1Kg:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/xlFQtUMgJb0" height="1" width="1" alt=""></div> Posted by Reuters