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Oil Traders Looking Again Towards Floating Storage

By Javier Blas (Bloomberg) — The world is so awash with crude, the boss of BP Plc said people will be filling their “swimming pools” with it by the end of the year. While the company’s Chief Executive Officer Bob Dudley bemoaned this bearish outlook for oil, traders were eyeing a potentially profitable opportunity: turning […]

The post Oil Traders Looking Again Towards Floating Storage appeared first on gCaptain.

WP_Post Object ( [ID] => 105208 [post_author] => 21 [post_date] => 2016-02-10 20:25:25 [post_date_gmt] => 2016-02-10 20:25:25 [post_content] =>

Photo: Shutterstock/Nightman1965By Javier Blas (Bloomberg) — The world is so awash with crude, the boss of BP Plc said people will be filling their “swimming pools” with it by the end of the year. While the company’s Chief Executive Officer Bob Dudley bemoaned this bearish outlook for oil, traders were eyeing a potentially profitable opportunity: turning […]

The post Oil Traders Looking Again Towards Floating Storage appeared first on gCaptain.

[post_title] => Oil Traders Looking Again Towards Floating Storage [post_excerpt] =>

Photo: Shutterstock/Nightman1965By Javier Blas (Bloomberg) — The world is so awash with crude, the boss of BP Plc said people will be filling their “swimming pools” with it by the end of the year. While the company’s Chief Executive Officer Bob Dudley bemoaned this bearish outlook for oil, traders were eyeing a potentially profitable opportunity: turning […]

The post Oil Traders Looking Again Towards Floating Storage appeared first on gCaptain.

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