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US may tide through oil storage crisis

Until recently, traders have focused on oil supply, looking for signs of a slowdown in US shale drilling that would eventually reduce a global surplus.

New York

A MONTH ago, it seemed inevitable: a massive global oversupply of crude oil production would overwhelm storage tanks in Oklahoma and fill supertankers off Singapore.

Now, there are growing signs that the US oil market can avoid the doomsday scenario in which it runs out of