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Oil Traders Are Borrowing From Banks to Store Crude at a Loss - Bloomberg
Bloomberg | Oil Traders Are Borrowing From Banks to Store Crude at a Loss Bloomberg Unlike previous oil storage trades, however, this one is unusual in that current oil prices and storage costs ought to make it unprofitable. Morgan Stanley estimates that the one-month Brent storage arbitrage currently produces a loss of $0.48 per ... Oil discoveries sink to lowest since 1952 - Morgan Stanley |
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