It has been some interesting days in the oil and tank markets. WTI oil has reached its highest level in six years, while OPEC+ stayed at its decision to phase out production cuts. The resolution may have come as a surprise to many as oil stocks are back at pre-covid levels, where they are falling rapidly. Here, it is most likely a matter of time before OPEC+ will have to produce more, assuming that global demand continues at the same pace. Among the large tank segments, rates are markedly up, occurring from relatively low levels.