Morgan Stanley Extends Diesel-Buying Spree Amid Supply Surge
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Morgan Stanley extended purchases of diesel in Europe to a 43rd day amid the region’s biggest stockpiles in more than two years.
The bank bought 77 percent of the 807,450 metric tons that traded on the diesel barge market in July and August in a pricing window operated by Platts, a unit of McGraw Hill Financial Inc., brokers’ data compiled by Bloomberg show. The bank purchased every day since July 1, including 18,700 tons today.