June 21, 2021
AN OFFSHORE oil rig.
Stories this photo appears in:
The return of oil
ActivTrades
BARELY 14 months ago, oil traders were paying almost $40 to anyone willing to accept delivery of a barrel of crude by the end of May 2020. Such had been the pandemic’s impact in the demand for the black gold, that storage reached full capacity and those who, acting as middlemen, had secured large quantities of oil, were unable not just to resell it but even to keep it stored at a suitable location.
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