Tanker carriers dive on uncertainty in the oil market

Major uncertainty concerning the future of the oil market made tanker carriers' shares slide in the past week. Investors are divesting of their energy portfolios ahead of critical OPEC meeting later this month, writes Morgan Stanley.

Photo: Frontline

Uncertainty surrounding the health of the oil sector has sent tanker carriers' share prices into a new dive.

In the last week alone, the share price of carriers which transport crude oil has declined by 10 percent, writes Morgan Stanley in an analysis of the tanker market ahead of the upoming OPEC meeting later this month.

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