What a fabulous market.

Champagne and white lines all over the place. Splash Extra is particularly amused that the big buyers of MBS’s extra oil turned out to be based in the US. The majority of the Bahri flotilla which was booked at high-pace and at monumentally high freight rates are right now en route to Texas and Louisiana. More May deliveries are coming in. No wonder psychical traders refused the local WTI oil at the Oklahoma take-away point of Cushing, when they can get Saudi deliverie...