Pressure on rates?

Freight rates are likely to be
forced higher if the World
Bank is correct in its forecast
that crude oil prices will
increase to US$43 per barrel
from US$41 per barrel due to
supply shortages and robust
demand in the second quarter.
Oil prices jumped 37% in
the second quarter of 2016
due to disruptions to supply,
particularly wildfires in
Canada and sabotage of oil
infrastructure in Nigeria.
The revised forecast
takes into account a recent
softening of demand
and the recovery of some
disrupted supply.