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Down 24% Today, Up 3,800% YTD: The Wild Oil-Shipping Trade Behind This ETF

Sep 22, 2026, 7:32 PMChandrima Sanyal

The BWET ETF plunged 24% Tuesday but remains up over 3,500% YTD as soaring tanker rates and a crude-shipping crunch reshape oil markets.

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Source: benzinga
Observed: Sep 22, 2026, 7:32 PM
Checked: Sep 22, 2026, 7:32 PM
Cadence: Captured once, then retained as an archive reference
Status: fresh

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BenzingaOct 15, 2026, 5:42 PMBenzinga Newsdesk
Shares of crude and oil product tanker companies are trading lower after reports suggesting that the Trump administration may ease sanctions on global shadow fleet vessels in order to combat high freight rates, which may lower margins across the sector.
ASC BWET CMBT DHT FRO
BenzingaOct 15, 2026, 5:39 PMBenzinga Newsdesk
Reported Earlier, 'US considers easing sanctions on shadow fleet vessels to cut freight rates, official says' - Reuters Exclusive
ASC BWET CMBT DHT FRO
BenzingaOct 12, 2026, 2:49 PMPiero Cingari
The Oil Market Is Breaking Apart: Brent-WTI Price Gap Hits $13
Brent trades $13 above WTI as record tanker rates keep U.S. crude at home. Freight to China now costs $40 a barrel, and BNO is outpacing USO. 2011 offers a guide.
BNO BWET DHT FANG FRO
BenzingaOct 12, 2026, 11:40 AMBenzinga News-desk
Reported Earlier, 'Oil Tanker Rates Surge Amid Rising Attacks, Longer Voyages' - WSJ
https://www.wsj.com/finance/commodities-futures/oil-falls-on-hopes-that-russian-diesel-can-ease-global-fuel-shortages-db1651af
BWET CMBT DHT ECO FRO