The Traderszone Network

Published in TZ Latest News 6 May, 2015 by The TZ Newswire Staff

Morgan Stanley renews U.S. oil storage deal ahead of trading unit sale

Morgan Stanley’s commodities group has renewed a refined product storage deal with TransMontaigne Partners L.P. seven months early, as the Wall Street bank plans to sell its physical oil business. In a statement on Wednesday, TransMontaigne said Morgan Stanley Capital Group extended its lease agreements for about 2.7 million barrels of refined product storage in Mississippi.