Oil trade’s shipping bottleneck threatens a fresh wave of inflation
Published . Updated .
This report is about oil and container shipping.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.2% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.4% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+64.8% 18d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story.
- TIP iShares TIPS Bond ETF-0.5% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- ZIM ZIM Integrated Shipping Services-1.2% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- MATX Matson-5.7% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- GSL Global Ship Lease-8.5% 30d
Global Ship Lease (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USONo price data for this ticker | — | — | — | — | — | — | — |
| XLENo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| TIPNo price data for this ticker | — | — | — | — | — | — | — |
| ZIM | -1.34% | -1.63% | base | after close | after close | after close | after close |
| MATX | +3.59% | -0.77% | base | after close | after close | after close | after close |
| DAC | -0.63% | -0.15% | base | after close | after close | after close | after close |
| GSL | -1.83% | -1.42% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Oil trade’s shipping bottleneck threatens a fresh wave of inflation AzerNews
Source: AzerNews
Energy
| Company | When | Move | Status |
|---|---|---|---|
| DAC | three days earlier | -0.15% | final price |
| DAC | five days earlier | -0.63% | final price |
| GSL | three days earlier | -1.42% | final price |
| GSL | five days earlier | -1.83% | final price |
| MATX | three days earlier | -0.77% | final price |
| MATX | five days earlier | +3.59% | final price |
| ZIM | three days earlier | -1.63% | final price |
| ZIM | five days earlier | -1.34% | final price |
How solid the energy case looks
12 out of 100
“Oil trade’s shipping bottleneck threatens a fresh wave of inflation” scores 12 out of 100. The score uses 1 sources.