Why Shell Plc (LON:SHEL) Gave Back Half Its Oil-Shock Jump With Its $3 Billion Buyback Sidelined
Shell rose 0.96% to 3,067.71 pence by 10:54 BST on Monday, but the move had already lost force. The stock opened at 3,099 pence, nearly 2% above Friday’s close, then surrendered 52% of that opening gain even as Brent crude, the global oil benchmark, climbed 3.8% to $78.86 a barrel after renewed U.S.-Iran strikes.