(Bloomberg) -- The cost of shipping 80,000 metric
tons of oil on Asian routes may gain after rising the most in 12
weeks as increased cargo from the Middle East reduced the supply
of vessels.
The rate of shipping crude or fuel oil on so-called Aframax
tankers to Singapore from Kuwait climbed for a fourth day,
increasing 1.4 percent to Worldscale 153.65 on June 22,
according to the London-based Baltic Exchange. The rate rose 6
percent in the five days ended June 22, the second straight week
of gains.
Read more at Bloomberg Energy News
tons of oil on Asian routes may gain after rising the most in 12
weeks as increased cargo from the Middle East reduced the supply
of vessels.
The rate of shipping crude or fuel oil on so-called Aframax
tankers to Singapore from Kuwait climbed for a fourth day,
increasing 1.4 percent to Worldscale 153.65 on June 22,
according to the London-based Baltic Exchange. The rate rose 6
percent in the five days ended June 22, the second straight week
of gains.
Read more at Bloomberg Energy News
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