Cenovus Energy Stock Hits 52-Week High as Oil Prices Surge Toward $100
Cenovus Energy surged 4.6% to C$32.18 on Thursday, landing the stock among TMX’s 52-week highs as oil barrel prices rapidly approached $100.
European Stocks Slide as Oil Stays Above $100 on Iran Conflict; Stoxx 600 Heads for Second Weekly Loss
European shares fell on Friday and looked set for a second weekly loss, as oil stayed above $100 a barrel and the conflict involving Iran kept markets on edge. The STOXX 600 was down 0.5% at 596 by 0924 GMT, banks led losses with a 1.9% drop, and energy stocks bucked the move, up 0.5% with BP and Shell each gaining more than 1.5%. Traders have also swung from betting on ECB rate cuts to pricing one quarter-point hike by year-end and nearly a 75% chance of a second move.
National Australia Bank (NAB) Stock Price Slides as Oil Shock Revives RBA Hike Bets
National Australia Bank Ltd shares wrapped up Thursday at A$46.40, slipping roughly 2% from Wednesday’s A$47.32. A new jolt in oil prices rattled the market, sparking a selloff in Australian bank stocks and fueling renewed speculation that the Reserve Bank of Australia could hike rates again next week.
Micron Technology Stock Price Falls 3% as Oil Shock Hits Tech Ahead of Earnings
Micron Technology slipped 3.1% to $405.35 late Thursday in U.S. trading, after shares hit a session low of $396.83.
Cenovus Energy Stock Price Hits 52-Week High as Oil Tops $100
Cenovus Energy Inc. shares jumped Thursday, touching a 52-week high of C$32.74 after renewed violence hit oil and shipping in the Middle East, pushing Brent crude past $100 a barrel. The stock closed C$0.16 higher at C$32.34 on the Toronto exchange.
Carnival stock price drops more than 6% as oil tops $100, dragging CCL and CUK lower
As of 2:22 p.m. EDT, shares of Carnival Corp traded at $24.32, down over 6%. Carnival plc’s U.S.-traded stock showed a similar move, dropping to $24.27. Pressure hit the sector broadly—Royal Caribbean shares slid more than 6%, while Norwegian Cruise Line slipped nearly 3%.
Dow Jones Today: Index Falls 550 Points as Oil Tops $100, Credit Worries Jolt Wall Street
Thursday saw the Dow Jones Industrial Average drop over 550 points, extending the 30-stock index’s slide below last month’s 50,000 mark as oil sprinted toward $100 a barrel and new strains rattled private credit markets. At 11:53 a.m. ET, the Dow was down 553.49 points, or 1.17%, at 46,861.34. Tanker attacks off Iraq and Iran’s push to keep the Strait of Hormuz shut hit risk appetite.
FTSE 100 Today: UK Stock Market Falls as $100 Oil Shifts Bank of England Outlook
The UK’s main stock indexes slipped once more on Thursday. Late Reuters figures had the FTSE 100 dropping 0.47% to 10,305.15, while the FTSE 250—whose focus is more domestic—shed 0.83% and settled at 22,194.55. Oil rebounded toward $100 a barrel after fresh strikes on fuel tankers off Iraq, stirring up those inflation worries that have been weighing on London stocks.
SoFi Stock Price Falls Today as Oil Near $100 Revives Rate Fears
SoFi Technologies slipped about 3% in early Thursday trading, changing hands at $17.94 after a near-matching low of $17.915—underperforming the broader tech pullback. Oil prices edged toward $100 a barrel and the Nasdaq shed 1.38%, darkening hopes for swift U.S. rate cuts.
Why American Airlines Group Inc. Stock Is Stuck Near $11 as Oil Tops $100
American Airlines Group shares slipped to $11.04 early Thursday, off 0.6% from Wednesday’s finish. Oil temporarily topped $100 a barrel after new Gulf shipping attacks, adding to the drag on airline stocks.
India Stock Market Today: Nifty Extends Slide as Oil Tops $100, Rupee Hits Record Low
India’s Nifty 50 stayed under pressure on Thursday, down 0.53% at 23,739.30 by 2:34 p.m. IST, as oil pushed back above $100 a barrel and the rupee hit a record low. The Sensex was also in the red after falling 1% to 76,129.95 in morning trade, extending Wednesday’s selloff.
Australia Stock Market Today: ASX 200 Drops 1.3% as $100 Oil Revives RBA Rate-Hike Fears
Australian stocks took a sharp dive Thursday, the S&P/ASX 200 sliding 1.3% to close at 8,629.00. Oil’s sprint past $100 a barrel—fueled by attacks on Middle East tankers—clipped a brief two-day rally and triggered a pullback in both banks and miners. Energy shares bucked the drop, finishing stronger than the rest.
UK Stock Market Today: FTSE 100 Slides as Oil Jumps, BoE Cut Bets Take Another Hit
London shares slipped at the open on Thursday. The FTSE 100 dropped 0.7% to 10,281.08, while the FTSE 250 shed 0.4% to 22,287.39. Brent crude topped $100 a barrel for a short stretch following renewed Gulf shipping attacks, dragging the indexes lower for a second day and keeping traders stuck on energy news.
Dow Jones Today: Dow Falls More Than 400 Points as Oil Shock Blunts CPI Relief
By 11:35 a.m. EDT Wednesday, the Dow Jones Industrial Average had slipped 418.23 points, or 0.88%, to 47,288.28, as traders shrugged off an inflation report that matched expectations and zeroed in on rising oil prices, along with renewed concerns over a potential price shock tied to the U.S.-Israeli conflict with Iran. Losses in the S&P 500 and Nasdaq were smaller.
USD/EUR Price Today: Dollar Holds Near 0.86 Euro as Oil Shock, U.S. CPI Box In Traders
The USD/EUR hovered close to 0.86 on Wednesday, translating to about $1.1615 per euro in EUR/USD terms, with traders sticking to the dollar for safety ahead of new U.S. inflation figures. Early in the session, the euro tried for a lift but couldn’t sustain momentum, slipping back toward the $1.16 area during European hours.
India Stock Market Today: Nifty 50 Closes Below 23,900, Sensex Slides 1.7% as Oil Volatility Hits Banks
Stocks in India tumbled Wednesday, with the Nifty 50 giving up 1.63% to settle at 23,866.85 and the BSE Sensex sliding 1.72% to 76,863.71. Investors unloaded shares as fresh swings in oil and an escalating Middle East crisis rattled sentiment.
Oil Price Today: Brent Rebounds Above $88 as IEA Release Plan Fails to Calm Hormuz Fears
Oil bounced higher Wednesday, Brent topping $88 a barrel again and U.S. crude climbing past $84, after traders shrugged off talk that a record emergency stock release could offset fallout tied to the U.S.-Israeli war with Iran. Brent gained 59 cents to hit $88.39 as of 0727 GMT. West Texas Intermediate advanced 98 cents, reaching $84.43.
US Stock Market Open Today: CPI Looms, Oracle Jumps and Oil Keeps Wall Street Off Balance
U.S. stock futures showed little direction at 4:44 a.m. EDT—Dow futures ticked up just 0.02%, S&P 500 futures added 0.02%, while Nasdaq 100 futures slipped 0.06% earlier, around 3:40 a.m. ET. Traders are watching for the February Consumer Price Index report, set for release at 8:30 a.m. ET.
S&P 500 Correction Warning Grows as Oil Shock, Fed Fears Split Wall Street
The S&P 500 dipped 0.21% to close at 6,781.48 on Tuesday, erasing earlier advances. Market debate intensified: a Forbes/Trefis piece floated a potential 25% correction for the index, while FXStreet’s Dr. Arnout Ter Schure maintained that even with the latest pullback, new highs remain possible. Investors juggled shifting headlines from overseas and a volatile crude session.
Oil Prices Tumble 15% After Trump Signals Iran War Could End Soon
Oil plunged nearly 15% Tuesday, with crude giving back a sharp rally after President Donald Trump suggested the Iran conflict could wrap up soon. Brent was off $14.23, trading at $84.73 a barrel in early New York action. U.S. West Texas Intermediate shed $14.46 to $80.31. The slide erased much of the panic run-up that had sent prices above $119 just the day before.
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