DHT Holdings stock faces Monday test as oil rally and VLCC rates collide
DHT Holdings shares slipped 0.1% to $13.42 Friday, with trading volume at 2.3 million. The Baltic Exchange’s VLCC benchmark for Middle East Gulf-to-China rose 24 points to WS74.17, pushing daily charter rates to about $55,540. Oil prices climbed roughly 2% last week on supply concerns tied to unrest in Iran and Venezuela. DHT’s new VLCC, the Antelope, began spot market operations this month.