Oil Tanker Rates Soar To Astronomical Levels — Tsvetana Paraskova

• Sky-high oil tanker rates are weighing on physical crude trade.
• On Monday, the earnings on the benchmark key crude oil trading route hit $100,000 per day.
• Falling premiums on spot prices for various crudes, however, could offset some of the high shipping costs, traders told Bloomberg.

Oilprice

Oil Tanker Rates Soar To Astronomical Levels

Tsvetana Paraskova