Commodity Traders Exploit Crude Crash to Make Oil Storage King

The key to surviving and thriving amid the carnage in global oil markets is having a place to store the stuff.

Oil prices have dropped 60 percent since June as the U.S. pumped more shale crude and OPEC resisted calls to cut production, stoking a global supply glut. While the 28-company STOXX 600 Oil & Gas Index has fallen 4.9 percent this month, shares of Rotterdam-based Royal Vopak NV, the world’s largest independent storage tank operator, have surged 15 percent.