Unsold crude at sea
A recent Reuters reports says there are dozens of tankers filled with crude at sea waiting for buyers.
As producers continue drilling, storage becomes the only option in an over-saturated market.
There is palpable fear of continued drop in the price of crude oil.
It states this is vividly reminiscent of 2015 when a recovery in oil prices was scuppered by rising physical supply.
Read More: Unsold crude at sea raises warning flag to oil price bounce
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