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Business: Shop wisely, transporting oil is expensive

Shopping
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If you’re one of the 166 million people who will shop between today and Cyber Monday, remember that not every deal is a deal -  especially for items you weren’t even shopping for. To not overspend, financial experts say the best defense may be a firm shopping list. Being intentional about shopping can help us resist enticements for purchases we may later regret. You should also unsubscribe to store emails to avoid browsing. 

The cost of shipping oil between the world’s ports is surging, providing a boost to tanker operators while continuing to inflate energy prices. Shipbroker Clarksons says average tankers have earned more than $40,000 a day for four months, their longest such stretch in 15 years.   The soaring costs are running counter to drivers in the oil sector, where a gloomy outlook has dragged down crude to near its lowest levels of the year.  


Futures are mixed after stocks posted strong gains on Wednesday. The Dow Industrials added 96, the Nasdaq rose 111 and the S&P 500 was up 23.