Looking forward, a potential rate rebound may take shape earlier than usual in preparation for the Lunar New Year holiday, which begins in late January 2025. Shippers are likely to increase orders in advance to accommodate longer transit times and align with anticipated seasonal volume increases.
Industry sources indicate that this drop reflects stronger-than-expected demand alongside a tighter supply environment. Analysts suggest that if these drawdowns continue, oil prices could see an upward push in the coming weeks.