Oil storage uneconomical despite hefty supplies as Brent futures strengthen

SINGAPORE (Reuters) - Traders seeking to store oil have put their plans on hold this week after prompt Brent crude futures surged against future months and made storage uneconomical, despite overwhelming supplies in the market, industry sources said on Tuesday.Front-month Brent crude prices have jumped since Friday on expectations that Saudi Arabia and Russia may strike a deal to cut output and support prices. [O/R]That has created a growing disconnect with physical markets where traders are..