The world is awash in oil and could be running out of places to put it. It’s a situation that prompted the head of oil giant BP PLC to joke that every swimming pool and storage tank will soon be brimming with crude, which is cheaper than it’s been in 13 years. Oil traders and speculators, however, are looking to stash their oil at sea, in hopes they can sell it at a profit in a few months as prices rise. A growing number of the world’s oil ships are set to be used as floating storage, analysts say, as traders gamble that the rise in crude prices will more than cover the $50,000 (U.S.) a day it costs to rent and ... (full story)