A stretch of water between Singapore and Malaysia in ancient times was used as a space for the beautiful wooden ships, filled with wonderful fabrics and exotic spices - on AMarkets materials.
Now the water is literally clogged by oil tankers. Oil traders do not want to sell oil at low prices. As they were waiting for a price increase for lending money to hire a floating storage and keep the oil there. At current oil prices, analysts say Morgan Stanely, storage of oil on credit money - is, in principle, disadvantageous gesheft.
Storage of Brent crude oil on borrowed capital in the interval of one month - a loss of $ 0.48 per barrel. 6-month loss equivalent to a loss of $ 6.11 per barrel. It would seem that in such a situation, oil traders do not have to agree to keep the oil at a loss. However, banks have reported an influx of customers who take out loans to fund the money storage of oil in tankers. It may be that oil traders are waiting for the growth of black gold?