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What are oil tanker stocks?

Oil tanker stocks are investments in companies that own, operate and/or lease different types of oil tankers and supporting facilities. These tankers can be either crude tankers that transport unrefined crude oil or product tankers that transport refined products from refineries to consumer markets.

Is there a benchmark for oil tanker stocks?

There is no unique benchmark for the oil tanker industry. However, oil tanker stocks may exhibit similar performance to companies operating within the energy sector.

Which is the best oil tanker stock to buy now?

Frontline Ltd. is one of the 10 best oil tanker stocks to buy now, according to Arrowstreet Capital, which holds 2.0 million shares, worth $6.1 million, in the company. Frontline Ltd. operates 24 crude carriers, 28 Suezmax tankers, and 20 Aframax. The company offers a dividend yield of 28.25%. The year 2020 was one of the strongest for the company.

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