The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply. Since January, Glencore, Vitol and Gunvor have completed or have been seeking to sell parts of their holdings in storage firms. Vitol’s deal was agreed in October, before the Nov. 30 announcement by the Organization of the Petroleum Exporting Countries that it would cut output from Jan. 1. Vitol’s deal was completed in January, and others have lined up sales since. “The traders picked the right time to sell,” Jean-François Lambert of Lambert Commodities consultancy said, […]