Product tanker rates have rallied in recent weeks and Clarksons thinks more is on the way.

The shipbroking giant’s LR2 fleet weighted average hit $56,700 per day, a 14.5% jump from last week and a rise of nearly 40% from last month, while MRs hit $38,200 per day and LR1s $41,300 per day — even in refinery maintenance season.