can an oil tank be placed outside - not underground
Right now our oil tank is inside in the basement. It seems the basement was remodelled or finished by the previous owners around it and so to get it out we have to tear down a wall. Can we put the new oil tank outside the house instead - like at the side of the house where the A/C stuff is located? Any code or resale issues to think of? Pros or cons to just taking down the wall and putting it back versus just having it outside.