Geopolitics Alpha

Tanker rolls over on Route 1, causing major oil spill on highway

Published . Updated .

ENERGYTanker rolls over on Route 1,causing major oil spill on highwayGEOPOLITICS ALPHA

This report is about oil and tanker shipping. Names like FRO and DHT typically gain because frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

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 tanker freight rates. Linked by “tanker” (tanker shipping) in this story.

  • FRO Frontline+4.7% 30d

    Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • DHT DHT Holdings

    DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • INSW International Seaways+0.8% 6d

    International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • TNK Teekay Tankers

    Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • XOM ExxonMobil Holdings+11.0% 11d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USONo price data for this ticker———————
XLENo price data for this ticker———————
BWETNo price data for this ticker———————
FRO-8.88%-7.19%baseafter closeafter closeafter closeafter close
DHT-5.02%-1.85%baseafter closeafter closeafter closeafter close
INSW-7.97%-4.63%baseafter closeafter closeafter closeafter close
TNK-6.27%-5.65%baseafter closeafter closeafter closeafter close
XOM-3.61%-3.44%baseafter closeafter closeafter closeafter 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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Tanker rolls over on Route 1, causing major oil spill on highway Salem News

Source: Salem News

Energy

CompanyWhenMoveStatus
DHTthree days earlier-1.85%final price
DHTfive days earlier-5.02%final price
FROthree days earlier-7.19%final price
FROfive days earlier-8.88%final price
INSWthree days earlier-4.63%final price
INSWfive days earlier-7.97%final price
TNKthree days earlier-5.65%final price
TNKfive days earlier-6.27%final price
XOMthree days earlier-3.44%final price
XOMfive days earlier-3.61%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

12 out of 100

“Tanker rolls over on Route 1, causing major oil spill on highway” scores 12 out of 100. The score uses 1 sources.