Bloomberg | Oil Bulls Beware, Soaring Tanker Rates Show Supply Glut Persists Bloomberg Four months into oil's rebound from a six-year low, the tanker market is sending a clear signal that the rally is under threat. A sudden surge in demand for supertankers drove benchmark charter rates 57 percent higher in the two weeks through May 20. Iraq Doses The Market With Oil Iraq to increase oil export to new record high, price war intensifies - media |