Oil traders to store W African crude in US until prices recover

Traders are shipping West African crude to the US to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne cargoes are able to compete better on price with US crude. Oil firms including Swiss-based Glencore, Italian energy major ENI and Canadian's biggest oil company Suncor have all lined up ships to take at least ten-million barrels of West African crude to North America, ship brokers say, with freight bookings and tanker tracking also showing the moves.