VLCC rates fall further as owners hold breath for OPEC-induced rally

Crude tanker rates have slipped over the past week but could surge as June dates come open.

Clarksons VLCC fleet weighted average has fallen 17.5% over the past week to $45,600 per day, while the suezmax assessment dropped 6.3% to $38,800 per day.

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The broker’s aframax fleet weighted average slipped nearly 13% week on week, hitting $33,200 per day.