Oil Traders Aren't Dancing the Crude Contango This Time AroundBy and
Few tankers storing barrels at sea to profit from price curve
Rout driven by ever-expanding glut, not 2008-09 demand shock
Back when the global recession trashed oil demand and prices, the likes of BP Plc and Vitol Group found a novel way to profit: They stashed crude on tankers. With a slump of similar magnitude now, traders are seldom finding the same opportunities.
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