Splash Extra

Tankers: Pop goes the weasel

Sky’s the limit for this booming sector.

Oil prices stepped down $10 in March from around $85 to $75 per barrel as traders picked up on recession fears stemming from bank failures and rising interest rates. Even as the US Federal Reserve, the European Central Bank and the Bank of England raised rates again, gold ticked above $2,000 as investors sought havens deemed even safer than the greenback. Bank stocks and commodity prices suffered across the board as investors began to wonder if we are hearing more than just echoes of the global...

To continue reading, please login below or subscribe here.

 

Back to top button