Tanker owners and analysts say a floating storage opportunity has emerged in the market but they say it will be limited to a few months.

Oil market economics have opened a floating storage of just two to three months, a Wells Fargo Securities analyst said Thursday.

Wells Fargo Securities analyst Michael Webber

Michael Webber, who covers shipping stocks for the US bank, said a combination of contango in Brent oil prices with the slump in crude tanker rates is driving the opportunity.

But