It’s more than a month since the oil markets sunk to a nadir in the mother-of-all market routs. Since then, oil prices have staged an impressive recovery, especially from WTI’s negative trade zone visited on April 20. There’s real optimism in the air with the formidable headwinds of a massive supply glut and limited storage nearly in the back mirror while the markets even recently dodged a big bullet . Yet, resting uncomfortably in the back of trading minds is this: Oil storage remains painfully squeezed, raising the specter of another April-esque selloff. Ships full of crude are still anchored in the high seas off the coasts of the U.S., China, Europe, and elsewhere with onshore storage sold out and refinery run rates across the globe still a long way off their usual clips. But this time, there’s a different method to the ongoing madness. High Stakes for Oil […]