Scorpio Tankers has reached an agreement to purchase four newbuilding tankers for a total of $415.6 million, including two LR2 product tankers at $72.8 million each and two VLCC newbuildings at $135 million each, with expected deliveries in September and October 2028.

Observed price moves

• Crude oil (CL Nov26)-0.26%10 min after this headline
• Nasdaq 100 fut (NQ Dec26)+0.04%10 min after this headline
• Dow fut (YM Dec26)+0.05%10 min after this headline

MoveSurge carries market-moving headlines the moment they reach the wire, each one with what the price did next.