Booking Holdings, which owns Booking.com and Priceline, slipped 0.7% to $4,209.26 as of Monday afternoon. Shares had dipped to $4,159.01 earlier in the session.
ConocoPhillips picked up 2.6% to trade at $116.38 early in the afternoon, matching the upswing seen among U.S. oil producers. Exxon Mobil tacked on 1.2%, Chevron was up 1.1%, and Occidental Petroleum moved 1.3% higher.
Monday saw oil prices jump sharply, as Brent crude futures gained $4.04, or 5.5%, settling at $76.91 a barrel. U.S. West Texas Intermediate climbed $3.35, or 5%, to hit $70.37.
The Dow Jones Industrial Average pared back its initial drop Monday, though it lingered in the red as traders reacted to a spike in oil prices amid the Middle East conflict. By 12:25 p.m. EST, the index was off 0.14% at 48,907.26.
Crescent Energy jumped 5.8% to $12.33 in premarket action Monday, putting the U.S. oil producer within reach of its 52-week high. The stock closed at $11.66 Friday.
Sasol Ltd advanced 5.6% Monday, the stock drawing attention as crude prices surged amid the Iran conflict. Shares hit a 52-week peak at 163.55 rand before settling at 153.44 rand by 3:36 pm, dipping as low as 151.23 rand at one point, according to Sharenet. That comes on the heels of Friday’s sharp 16% rally.
Shares of Bank of America slid more than 2% in premarket trading Monday, following Wall Street futures lower as oil prices spiked on rising Iran-related tensions. The VIX, often called Wall Street’s fear gauge, climbed to its highest mark in three months. “There’s plenty of scope for more downside” if the situation worsens, said Chris Beauchamp, IG’s chief market analyst.
Battalion Oil Corporation shot up roughly 72% to $9.49 before the bell on Monday, with traders snapping up smaller energy plays after crude spiked on fresh escalation in the Iran conflict. The stock, which trades on NYSE American, last settled at $5.52 on Friday and landed among the top premarket movers with other oil-focused small caps, TradingView data showed.
Occidental Petroleum picked up roughly 6.4%, hitting $56.50 before the open on Monday, as crude prices spiked with traders nervous about escalating turmoil in the Middle East. Volume came in around 522,000 shares ahead of the opening bell.
Shares of Anglo American edged down 0.7% to 3,675 pence shortly after the open in London this day. The price touched a session low at 3,641.5 pence, with 3,733 pence marking the intraday high.
Chevron shares climbed roughly 4% in U.S. premarket action Monday, buoyed by a spike in oil prices as new attacks in the Middle East hit shipping routes and stoked supply concerns.
International Consolidated Airlines Group SA, the parent of British Airways, saw its shares slide Monday. Investors retreated from travel names after fresh Middle East tensions sent oil prices sharply higher.
GSK plc slipped 1.1% to 2,177 pence as of 0823 GMT, having moved between 2,172 and 2,194 earlier. The FTSE 100 shed roughly 0.7%. AstraZeneca shares dropped, too.
Shell heads into Monday’s London session with traders watching closely after oil prices surged on renewed turbulence in the Strait of Hormuz. Shares wrapped up Friday at 3,073.5 pence, marking a 1.6% gain—just under their 52-week peak.
Oil prices surged and stock futures slid on Monday as U.S. and Israeli strikes on Iran kept markets focused on Middle East supply risks. Brent crude was up 6.4% at $77.57 a barrel, while FTSE futures fell 0.6%; EuroSTOXX 50 and DAX futures also dropped. Rystad Energy’s Jorge Leon flagged an “effective halt” in Hormuz traffic, and Wood Mackenzie’s Alan Gelder pointed to the “nearest historical analogue” of the 1970s oil embargo.
Shares of Qantas Airways Ltd lost ground Monday, caught up in a sector-wide selloff as concerns over escalating tensions between the U.S. and Iran sparked worries about rising fuel costs and potential travel disruptions. Latest price: A$9.41.