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Massive inventory hangover seen hurting oil market ahead

Petrol traders are also locking in expected profits for next year, and are stashing summer-grade petrol in tanks until next year.


THIS has not been the summer many oil traders had expected after last year's bumper profits.

Banking on more of the same, the world's refineries have churned out more diesel, petrol and jet fuel than eager drivers and holiday makers have been able to consume even over the