US-listed shipping stocks fell across the board today as a result of falling oil prices and ongoing US-China trade tensions, according to analysts.
West Texas Intermediate futures slipped 4% to $51.14 per barrel, while Brent crude, the international benchmark, fell 3.7% to $59.97 — both reaching lows not seen since January.
The price fall is driven by US crude-oil supplies rising by 2.2
