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Tag Archives: oil storage

current storage situation for both petroleum and clean products

[Skip to the end] Looks like the temporary storage is moving into likely cheaper land based storage. And much is probably already sold forward into the contango, as forward buying causes spreads to widen to the point where someone buys it spot and sells it forward for enough of a markup to cover storage costs […]

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Posted byWARREN MOSLERAugust 20, 2009 @ 9:21 am (Thursday)Posted inCommodities, OilTags: oil storage

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