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Crude Oil Tanks: A Look Into Oil Prices and Storage ...One only needs to look at LOOP Crude Oil Storage Futures, which have increased in value by over 500% during the past week, to see the scarcity of storage quantified. The cost of leasing 100,000 barrels of crude oil storage for one month in the Louisiana Offshore Oil Port (LOOP) was roughly $7,000 before April 20; that cost has now risen to ...

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