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Floating Storage Nudges Higher Last Week

OIL

Crude oil floating storage held for at least 7 days rose to 98.08m bbl as of Aug. 5 according to Vortexa, up 3.1% from the week prior.

  • Asia Pacific up 17% w/w to 60.02m bbl
  • Middle East up 52% w/w to 19.74m bbl; highest since February 2017

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