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crude oil

Oil optimism unwinding market's mad dash for storage
Business Published 02 Mar, 2021 10:52am

Oil optimism unwinding market's mad dash for storage

LONDON/NEW YORK/SINGAPORE (Reuters) - When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts.