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Weekly Tanker Time Charter Estimates, June 10 2020

Crude period rates came under pressure this week and rates moved lower. Very little activity reported in the time charter market due to weakening sentiment.

A quiet week for clean and rates softened for LR2s, the average rate for one-year is currently estimated as $26,500/pdpr.

Oil prices finished higher on Tuesday due to expectations for a rebound in energy demand although concerns of oversupply persist.

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