The volume of crude held in floating storage off Britain’s coast has grown this year due to excess supply, trade sources say, helping to put a cap on some parts of the Brent market which helps set global prices. More than 10 million barrels of crude – over 10 percent of daily world production – was parked in tankers off the British coast for part of July, according to trade sources and shipping data. While some floating storage is not uncommon, traders say the amount has been rising this year. “This is not common in my experience,” said a North Sea oil trading source, adding that stored crude has kept a lid on the market. “There’s all these barrels floating around and they can come out at any time and need […]