Oil Set To End The Year On A Bullish Note

The oil markets are poised to end 2021 on a relatively high note, as concerns of Omicron impacting global demand in the same way that Delta did turned out to be overblown. Chart of the Week- Global tanker markets are expected to see an upswing from the past two years’ volatile rise as demand stabilizes, however shippers profitability will be far from ideal. - Despite container freight indexes quintupling this year, tanker freights has been essentially stagnant for the past 18 months, pressured by high bunker prices and surplus tankers. -…