Global stocks fall for 3rd session. Wall Street extended losses for a third day on Tuesday, trying to rebound in the session failed. WTI crude futures extended their retreat and fell more than 5% to below $92 per barrel on Tuesday, after SOMO's statement (State Organization for Marketing of Oil Iraq's).
Domestic stocks rebounded but selling pressure prevailed. Profit outlook for liquid carriers will continue to be positive in the second half of the year, as geopolitical tensions and related conflicts persist, along with crude oil prices being kept at a high level. While shipping dry goods, containers will be more difficult.
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