| To: The Barracuda™ who wrote (2451) | 2/1/2024 11:29:16 AM | | From: The Barracuda™ | | | | BWET fwiw
BWET's Prospectus stated objectives
The investment seeks to provide investors with exposure to the daily change in the price of tanker freight futures by tracking the performance of a portfolio (the “Benchmark Portfolio”) consisting of exchange-cleared futures contracts on the cost of shipping crude oil (“Freight Futures”). Freight Futures reflect market expectations for the future cost of transporting crude oil. Each Reference Index is published each United Kingdom business day by the London-based Baltic Exchange Ltd. (the “Baltic Exchange”) and measures the charter rate for shipping crude oil in a specific size category of cargo ship and for a specific route. |
| | Shipping - Oil & Gas Tankers, Dry cargo, LNG | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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| From: Julius Wong | 2/1/2024 6:19:54 PM | | | | | | Shipping, oil stocks turn lower after Israel said to agree to ceasefire deal in Gaza
Feb. 01, 2024 1:30 PM ET
By: Carl Surran, SA News Editor
60 Comments
 HeliRy
Shipping company stocks turn sharply lower following unconfirmed reports Thursday that Israel and Hamas are near agreement on a ceasefire proposal.
Qatar's Foreign Ministry said Israel had agreed to the ceasefire proposal while Hamas gave an "initial positive confirmation," The Jerusalem Post reported.
Among shipping and tanker names: Zim Integrated ( ZIM) -15.1%, Scorpio Tankers ( STNG) -6.4%, Tsakos Energy Navigation ( TRP) -5.1%, Frontline ( FRO) -4.9%, Nordic American Tankers ( NAT) -4.5%, Danaos ( DAC) -3.2%, International Seaways ( INSW) -3.1%, Teekay ( TK) -2.9%, Eagle Bulk Shipping ( EGLE) -2.6%, Star Bulk Carriers ( SBLK) -2%.
Crude oil futures flipped lower on the reports, with March WTI crude ( CL1:COM) -1.5% to $74.70/bbl and March Brent crude ( CO1:COM) -1.6% to $79.23/bbl.
The oil benchmarks had gained more than 1% earlier as the market digested comments by Federal Reserve Chairman Jerome Powell that interest rate cuts were unlikely to happen in March. |
| | Shipping - Oil & Gas Tankers, Dry cargo, LNG | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
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