Brian Sullivan: Why the ‘real’ price of oil is likely $30-$40 higher than where it is now
Summary
Crude oil may actually cost significantly more than current market prices indicate. This discrepancy is driven by a sharp rise in tanker shipping costs required for physical delivery.
Physical oil can cost about $38 a barrel more to deliver, as tanker rates surge.
Source: Read the full story at US Top News and Analysis
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