Tanker rates and tanker stocks edged up Monday, but the sector is still reeling from coronavirus fears.
"The market's supposed to be forward looking, and tankers have taken a beating. Today there's some hope that the news flow is going to stop getting worse and start getting better," said Evercore analyst Jon Chappell. "Let's see what happens."
The Baltic Dirty Tanker Index rose from 803 on 7 February to 816 Monday, after hitting a 2020 low of 796 on 6 February.
