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Oil traders unfazed by recent supply shocks

Ample oil inventories near record highs on ships and land leave buyers in no hurry to lock down new crude supply

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Oil traders from Houston to the North Sea are tapping plentiful storage onshore and offshore, evincing little sign of concern yet about mammoth supply losses from Canada to Nigeria that has knocked out about two million barrels a day (bpd) of output.

New York

OIL traders from Houston to the North Sea are tapping plentiful storage onshore and offshore, evincing little sign of concern yet about mammoth supply losses from Canada to Nigeria that has knocked out about two million barrels a day (bpd) of output.

Ample oil inventories