Oil Traders Are Borrowing From Banks to Store Crude at a Loss
The supply glut floats on.
How Sustainable Is the Oil Rally?
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The waters between Singapore and Malaysia used to heave with wooden ships carrying exotic spices. Now the Straits of Malacca are filled with vessels carrying a very different sort of commodity.
Oil traders awaiting a recovery in crude are turning to floating storage after benchmark Brent prices more than halved over a span of two years, according to Morgan Stanley analysts led by Adam Longson.