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·Confidence 85%·Breaking

Oil Tanker Rates Surge to Record Highs Amid Middle East Tensions

HOTBrent Crude ↑ Very strong

Key takeaways

  • Brent Crude: Brent Crude — Very strong bullish
  • Escalating shipping risks in the Middle East have driven oil tanker rates to unprecedented levels, with VLCC rates nearing $800,000 for routes to China.
#Energy#Oil#Shipping#Middle East

Analysis

Escalating shipping risks in the Middle East have driven oil tanker rates to unprecedented levels, with VLCC rates nearing $800,000 for routes to China.

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