Traders drain pricey U.S. oil storage as OPEC deal bites

24 February 2017, New York/Houston — Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunities. That could signal the beginning of the end for a two-year trade play that came […] More »