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EUROPE

Slugcatcher forecasts a wild week for oil

RECORDS are made to be broken but there's one record <i>Slugcatcher</i> reckons the oil industry does not want to see broken on Wednesday and that's the amount of oil in storage at the cross-roads of world oil, the giant tank farms around Cushing in the US State of Oklahoma.

Tim Treadgold

Unfortunately, if recent estimates prove to be correct, oil at Cushing has already slipped past the previous record of 52 million barrels set two years ago. Wednesday's report could reveal that the tanks...

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