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.
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DHT Stock Hits 52-Week High - Here's Why
DHT stock rises in premarket trading as Q4 spot rates average $509.1K per day. Get the latest earnings outlook and technical levels.
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DHT Holdings shares are trading higher after the company reported strong Q4 tanker bookings, with about 50% of available spot days booked at an average rate of $509,100 per day.
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Want to Look Beyond AI? Watch These Freight ETFs Skyrocketing YTD
Geopolitical instability in the Middle East has caused maritime chokepoints at the Strait of Hormuz, forcing vessels to reroute and reducing global fleet capacity. This has driven tanker charter rates to historic highs, with daily spot rates reaching nearly $470,000 compared to previous $75,000-$100,000 levels. Shipping companies are reporting record earnings, and freight ETFs—particularly those focused on tanker shipping—are experiencing exceptional returns, with BWET up over 3,700% year-to-date.