Oil building up on tankers in the North Sea

Oil traders have increased the fleet of vessels deployed in the North Sea storing crude oil. This is the latest sign of the sliding demand which has spurred the biggest stockpile accumulation since 2009.

BY BLOOMBERG

Oil traders increased the fleet of ships deployed in the North Sea to store crude, the latest sign of faltering demand that has triggered the biggest build up of stockpiles at sea since 2009.

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