(Bloomberg) -- The cost of shipping 80,000 tons of oil on Asian routes fell to its lowest in six weeks as traders chose to transport fuel oil on smaller ships.
The rate of shipping crude or fuel oil on so-called Aframax tankers to Singapore from Kuwait fell for a seventh day yesterday, dropping 1.3 percent to Worldscale 150.19, according to the London-based Baltic Exchange. Shipping a barrel of oil on the route costs $2.07, based on Bloomberg data.
Read more at Bloomberg Energy News
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