Post
Alpha TraderX
WARNING: The world is running out of supertankers and it's driving up the cost of moving oil.
Shipping crude from Houston to Asia now adds roughly $26 per barrel, nearly a quarter of the price of WTI itself.
Europe imported 577,000 barrels a day of Saudi crude in June, next month they get ZERO, per Bloomberg.
$CL
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$85,862.7+0.01%
ETH/USDTEthereum
$2,706.44+0.00%
ZEC/USDTZcash
$1,331.52+0.01%
Today’s market buzz
1#FedECBMeetingMinutes
2#BTCETHETFFlowsDiverge
3#BessentTreasuryYields
