6-month Brent contango widens, may cover storage costs: survey 5-10 ships likely booked to store oil: Tankers International As crude prices continue to get dragged down by a global glut that shows no signs of abating, oil traders may find some profit by going to sea. The market structure for Brent crude, the benchmark for more than half the world’s oil, now makes it viable to store supplies in a vessel to potentially lock in profits on a sale six months later, according to a Bloomberg survey of 4 traders as well as a shipbroker and a charterer. About five to 10 tankers have been chartered to most likely hold oil near Singapore, according to Jonathan Lee, chief executive of Tankers International LLC . Crude is extending declines as OPEC’s members squabble over output limits, threatening the group’s effort to trim an oversupply. But traders can make a profit […]