In the competitive world of the tanker market, everyone's a winner - if you are an owner, that is. All the market sectors carrying crude oil achieved sparkling earnings last week. In the refined products tanker sector, increases in earnings were again muted by comparison, but there were still increases. In all sectors, the outlook seems set fair for the next few weeks, but early November might see charterers, in some sectors, regain the upper hand. Crude oil prices built on the previous week's strength and rose further to set new money-of-the-day price records. During the trading day, West Texas Intermediate prices broke through the $50/bbl psychological barrier several times.
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