24.05.2016 - The oil market’s biggest problem is still far from solved
The worst of the crude oil supply glut may not be over. In the last few weeks, sentiment about the oil market has improved. This happened, in part, after supply disruptions hit Nigeria and Canada. Additionally, Goldman Sachs analysts said the imbalance between supply and demand may be correcting faster than they had expected. But Adam Longson, head of commodity research at Morgan Stanley, is not yet convinced. In a note Monday, he said the physical oil market is barely responding to supply disruptions. Rising oil storage floating in tankers on the world’s oceans and global gasoline stocks were among the concerning signs he pointed out...............................................Full Article: Source
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