Published Nov 9, 2026, 12:07 PM ET · Updated 4 days ago · 1 source

Oil Tanker Rates Extend Plunge, Still Trade at Very High Levels

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bloomberg
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Oil Tanker Rates Extend Plunge, Still Trade at Very High Levels

The cost of shipping oil is continuing to plunge, even if rates remain at very high levels, potentially helping to make longer-distance crude trades more attractive.