Frontline stock falls 5.7% as tanker rates sink — what investors watch next
Frontline shares fell 5.7% to $20.58 Friday, outpacing declines in other U.S.-listed tanker stocks. The TD3C VLCC benchmark dropped to $28,987 per day, about half its pre-holiday level. Oil prices edged lower ahead of Sunday’s OPEC+ meeting. Frontline’s next quarterly report is scheduled for Feb. 27.
