(EnergyAsia, February 18 2015, Wednesday) — In the latest oil crisis caused by crude prices plunging 50% over the second half of 2014, traders turned to storage to hedge against a protracted supply glut. The same strategy of stockpiling was deployed in 2008 when Brent crude went the other way, surging to a record high of over US$145 a barrel on fears of supply shortages.

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