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Finance & Markets

U.S. Stocks Pulling Back Sharply As Crude Oil Prices Rebound

(RTTNews) - Stocks have moved mostly lower during trading on Monday, moving back to the downside following the rebound seen during last Friday's session. The major averages have all slid into negative territory, with the tech-heavy Nasdaq leading the pullback.

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

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Record Freight Costs Squeeze Russia's Black Sea Crude Exports

Heightened shipping threats from Ukrainian attacks and a shortage of tankers have pushed the freight costs for Russia’s crude oil exports from the Black Sea to record highs.

  • Record freight costs hit historic peaks for Russia's Black Sea crude exports.
  • Ukrainian attacks and tanker scarcity driving up tanker rates for Aframax ships.
  • Shipping costs to India and China now $23.20 and $25.70 per barrel, respectively.

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