Exclusive: Traders book Jones Act tankers for storage, foreign trips as U.S. fuel glut swells - sources

(Reuters) - Oil traders are hiring expensive U.S. vessels, normally only used for domestic shipments, to store gasoline or ship fuel overseas, five shipping sources said, in a sign of how desperate the energy industry is to find places to park petroleum with a 30% drop in worldwide demand.Several shippers said they have started to book Jones Act (JA) vessels for foreign voyages or to store refined products. The century-old Jones Act requires vessels traveling between domestic ports be owned and..