Commodity Trade Mantra

Posts Tagged ‘Crude Stockpiles’

US May Run Out Of Oil Storage Space As Soon As June

Crude oil inventory data shows that total utilization of crude oil storage capacity in the US stands at approximately 60%, compared with 48% at the same time last year. Oil prices would need to fall even farther for the the floating storage play to be economically viable as the cost of remaining storage goes through the roof.

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