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Weekly Tanker Time Charter Estimates, October 30 2019

Crude market rates continue to balance out this week and on the period front, few fixtures have been reported as charterers and owners are waiting to see which direction the market will take.

On the clean side, few period deals have been reported this week as the recent spike in spot rates has left a gap between owners’ and charterers’ rate ideas.

Oil prices have fallen mid-week following news of a possible delay in resolving the US-China tradewar that overshadowed a drop in US crude inventories.

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