Mmastodon BusinessBusiness first seen 1 d ago, last 1 d ago, peak #1

Cost of shipping crude oil surges over 500% in six months

Original: 🛢️ 🚢 💵 👀 Breakwave Tanker Shipping ETFs are an exchange traded fund that are designed to track the future cost of transp

Breakwave Tanker Shipping ETFs, exchange traded funds designed to track the future cost of transporting crude oil, are drawing attention as tanker rates soar. Data shared in the discussion shows a 538.18% increase in the cost of shipping crude oil over the past six months, sparking debate about what the spike signals for oil markets, inflation and the global economy.

Why now: People are reacting to the dramatic rise in crude oil shipping costs and what it suggests about oil prices and supply strains.

Breakwave Tanker Shipping ETFscrude oil shipping market

Open on mastodon →

Rank over time, top of the chart is #1. 45 snapshots from 1 d ago to 1 d ago.

Evidence

• 🛢️ 🚢 💵 👀 Breakwave Tanker Shipping ETFs are an exchange traded fund that are designed to track the future cost of transporting crude oil. As the data below shows there has been a 538.18% increase in the cost of shipping crude oil in the last six months. Source: https://www.… · bibliolater@vivaldi.net · 5

API: https://socialmediatrends-api.osmike.com/v1/trends/2011016