$Teekay Tankers(TNK.US)$ Great VCP. Queuing buy at 59.25, sadly it tocuhed 59.38 and rebounded. Hoping there'll be retracement next week for me to join in the rally.
Traders say the economic incentive to import oil from the U.S. Gulf Coast to Asia has closed, as the cost of booking supertankers on the route has surged, Reuters reported Wednesday. The freight rally has raised the premium for West Texas crude from the U.S. to more than $4/bbl against Dubai quotes on a cost-and-freight basis for April delivery from ~$2/bbl last week, traders said, reportedly pushing WTI to a premium of $1/bbl mo...