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Weekly Tanker Time Charter Estimates, November 20 2019

Supported by a boost in the spot market, crude TC rates have firmed overall this week.

Clean market has strengthened this week and the underlying sentiment is overall positive. The average rate for an MR for one year is estimated as $16,000/pdpr.

Oil prices fell earlier this week due to concerns over excess global crude supply and limited progress towards resolving the US-China tradewar.

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