Shipping Oil Now Costs $1 Million a Day and One Tiny ETF Is Up Over 4,000% - 24/7 Wall St.
Why now
Thesis: Tanker rates spike as shipping oil costs $1M a day
Catalyst to watch: Tanker rates and shipping capacity data
Main risk: Rates reverse as capacity eases
Why it matters
Spiking tanker rates signal tight shipping capacity, lifting tanker earnings and oil transport costs.
Sources
- googlenews · news.google.com · 2026-09-22 15:26 UTC