There’s something in the water. It’s oil. On boats. That isn’t good if you’re betting on prices to rally. In its latest monthly report, out Tuesday, the International Energy Agency mentioned that some oil at European and Asian trading hubs was now being stored on vessels, despite prices not really justifying the cost. The implication is that regular storage tanks are getting a tad full. With oil prices having traded in a band between roughly $40 to $50 a barrel for about three months, some prominent voices say that the bottom is in. Granted, that “some” includes OPEC ministers, for whom predicting a rebound in prices is a little like Ronald McDonald forecasting a bull market in hamburgers. Still, with global oil demand projected to be up by a hefty 1.8 million barrels a day this year, and with low prices clearly starting to eat away at the U.S. […]