Crude tanker owners saw some improvement in rates in a market that could see more cargoes in short order.
The Baltic Dirty Tanker Index finished the week at 630, a three-month high after rallying from 616 on Monday and continuing an upward trend that started on 1 September.
VLCC time charter equivalent rates climbed until Thursday, rising from -$6,832 per day to -$6,210 per day before falling to -$6,524 per day on Friday, but remain at highs not seen since early June.