Oil Tanker Owners Frontline and Euronav Both Up 10% on the Day (EURN; FRO)

There's a 10% spread between the front month ($34.39) and the sixth month ($36.80) OOPS!
Someones been selling that October future as they load the tankers at today's spot prices.
Cash and carry, but disappearing fast and soon not enough to cover the ship lease to FRO + insuance.
Life comes at you fast.

Frontline's only up 8%

FinViz

And Euronav

FinViz