The recent rally in tanker stocks lost some steam on Thursday as oil prices rebounded, apparently causing some investors to turn less bullish on the still-hot charter market and robust floating storage contango curve.
Brent crude futures rose 4.7% to $21.33 per barrel.
West Texas Intermediate (WTI) futures gained 20% to $16.50 as oil clawed back losses for a second straight day while remaining near historically low levels.
