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Oil Traders May Abandon Ship After OPEC Cuts Profits at Sea - Bloomberg
Bloomberg | Oil Traders May Abandon Ship After OPEC Cuts Profits at Sea Bloomberg OPEC's decision to pump less is poised to deter some oil traders from hoarding crude at sea. The group's pledge to cut output and ease a global glut has weakened a market structure known as contango that benefited traders who stocked crude on ships to ... Oil futures settle at lowest level in a week Will We See $60 Oil By Christmas? Oil Recovers but Doubts About OPEC Production Cuts Remain |
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