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Storing Oil At Sea Is About Futures Prices, Not Crude Oil Prices Rebounding - Forbes
Sydney Morning Herald | Storing Oil At Sea Is About Futures Prices, Not Crude Oil Prices Rebounding Forbes We've reports that some of the major oil trading firms are hiring oil tankers for up to 12 months. The idea being to store crude oil on the ships and perhaps wait and see if the oil price rebounds. Except that's not really quite what is happening. This ... Oil Price: Supertanker Storage To Beat Plunge Oil traders hoard crude at sea Oil glut spurs top traders to book supertankers for storage at sea |
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