Euronav last night pulled out of what would have been the first crude listing in the US since 2010 given “unfavourable conditions” in the capital markets.

Its Euronext-traded stock slipped by only a fraction today in the wake of its US disappointment.

The share last traded at EUR 7.341 ($9.358) each, down only 0.39% in morning trading, reflecting the calm reaction to last night’s development.

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