Shares in Tidewater swelled by nearly 12% as a rising oil price helped fuel a rally in crude-linked shares across Wall Street.
The offshore vessel owner’s New York-listed shares jumped to $3.09 by afternoon trading on Wednesday, making it the first day the sock has been above $3 since 20 September.
That brought Tidewater shares to the leading spot among US-listed shipping and offshore names, a position that had been held by Scorpio Bulkers earlier today.
Rival
