Movement Alert|Equinor ASA Rises 3.88% in Regular Trading, Brent Crude Breaks $100 as US-Iran Conflict Escalates

Market Focus
20 hours ago

On September 9, Equinor ASA rose 3.88% in regular trading, trading at $45.08/share, with turnover of approximately $102 million, as surging oil prices lifted the integrated oil and gas sector broadly.

The rally was driven by a sharp escalation in the US-Iran military confrontation. The US Central Command confirmed it destroyed five Iranian oil tankers near the Strait of Hormuz and Kharg Island, after Iran's Revolutionary Guard Corps twice attempted ballistic missile strikes on a US Navy warship. Iran subsequently claimed it struck two US warships, eight tankers, and ten other vessels. Meanwhile, Houthi forces attacked multiple Saudi energy facilities in southern regions, compounding supply disruption fears across two critical maritime chokepoints.

Brent crude futures surged over 2% to break above $100/barrel for the first time since July, while WTI traded near $96/barrel. Over 40 tankers are reportedly stranded near the Strait of Hormuz. Goldman Sachs warned Brent could reach $120 if shipping attacks expand further. Within the Integrated Oil and Gas sector, Exxon Mobil rose 1.92%, Chevron gained 1.48%, Petroleo Brasileiro rose 1.25%, BP gained 0.84%, and Shell edged up 0.04%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10