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This Oil Stock Sails Near Entry, Profits Soar 452% As Strait Of Hormuz Crisis Flares Up
Energy prices soared this week as hostilities between the U.S. and Iran over control of the Strait of Hormuz heated up. Oil stock Torm (TRMD) is now eyeing an entry as its profit rockets. The Danish company operates a fleet of product tankers that transport refined oil and petroleum products. These include gasoline, jet fuel and diesel. It operates through…
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