|Day Low/High||8.08 / 8.21|
|52 Wk Low/High||7.85 / 13.21|
There has been a windfall in profitability in this industry that none of the management teams are taking credit for predicting. None of them believe it's ending, either.
The demand for floating storage - renting an oil tanker for the purpose of holding the cargo until oil prices improve - has increased exponentially.
Contango is the situation in which contracts for future months' delivery are valued more highly than the contract for the current month's delivery.
The quickest way to stimulate a malaise-ridden economy is through infrastructure projects.