Technical Analysis

“Twenty oil tankers wait to cross Istanbul’s Bosphorus Strait”

While we await the US data (PPI & consumer sentiment the focus) a catch-up on oil tankers queueing up off Turkey.

Reuters with the update:

  • 20 waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on the way to the Mediterranean
  • Turkey’s maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters, and it needed time for checks.
  • Eight tankers were also waiting for passage through the Dardanelles strait into the Mediterranean, down from nine a day earlier

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