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Occidental Petroleum Surges 7% Pre-Market, Risk-Off Sentiment Still Dominates Mainstream Trading.
TradingKey - Impacted by ongoing geopolitical tensions in the Middle East, Occidental Petroleum surged 7% in pre-market trading before pulling back to nearly 6%. The persistent conflict has driven oil prices higher, directly benefiting the company. This, coupled with capital preference for safe-haven assets, has collectively pushed the stock price upward.
TradingKey
8 minutes ago
Oil surges 8% as Iran conflict disrupts Middle Eastern flows
Prices rise as much as 13% Israel hits Tehran again after strikes killed KhameneiHundreds of ships have dropped anchor in Gulf, data showsPrice jump less than some analysts expectedBy Florence Tan and Alex Lawler SINGAPORE/LONDON, March 2 (Reuters) - Oil surged 9% on Monday after retaliatory Iran...Reuters
12 minutes ago
UK working on plans to help its citizens leave Gulf
LONDON, March 2 (Reuters) - British foreign minister Yvette Cooper said on Monday that her team was looking at all options, including evacuation, to help hundreds of thousands of UK citizens leave Gulf countries which are now being targeted by Iran.There are an estimated 300,000 British citizens - r...Reuters
29 minutes ago
European gas prices soar more than 25% on Middle East conflict
LONDON, March 2 (Reuters) - Benchmark Dutch and British wholesale gas prices rose more than 25% on Monday morning, after Iran and Israel stepped up attacks in the Middle East and on the suspension of many energy shipments through the Strait of Hormuz.Reuters
36 minutes ago
Travel sector shares tumble as US-Iran conflict disrupts flights
European travel shares plunge more than 5% Passengers worldwide stranded as conflict hits airlinesOil prices surge to highest in months By Byron Kaye, Hollie Adams and Julie Zhu LONDON/SYDNEY/HONG KONG, March 2 (Reuters) - Travel shares fell sharply on Monday as escalating conflict between the U....Reuters
52 minutes ago
Euro zone factory growth hit 44-month high in February, PMI shows
LONDON, March 2 (Reuters) - Euro zone manufacturing expanded at its fastest pace in nearly four years last month as new orders bounced and factory output rose although rising cost pressures squeezed margins, a survey showed on Monday.Reuters
53 minutes ago
German 2-year bond yields nudge higher as Middle East conflict sparks inflation concerns
LONDON, March 2 (Reuters) - Short-dated euro zone government bond yields nudged above multi-month lows on Monday, as concern mounted over the impact of prolonged conflict in the Middle East on global growth and inflation.Reuters
an hour ago
Saudi Aramco shuts Ras Tanura refinery after drone strike, source says
March 2 (Reuters) - Saudi Arabia's state oil giant Aramco 2222.SE shut its Ras Tanura refinery after it was hit by a drone, an industry source said on Monday, an apparent escalation on the third day of strikes across the region launched by Tehran in response to the U.S.-Israeli attack on Iran.Reuters
an hour ago
Japan faces risks from Iran conflict that complicates BOJ rate path
Spike in oil costs to hurt Japan's import-reliant economyDegree of damage to depend on operations around Strait of HormuzBOJ may take wait-and-see approach, delay rate-hike timingPM says govt ready to act flexibly to minimise economic impactBOJ expected to continue raising rates, deputy governor...Reuters
2 hours ago
Before the bell: Europe's futures down sharply; defence, airlines, oil stocks on the radar
European shares were set to fall sharply at the open on Monday in a broad risk‑off move, as military conflict in Iran drove crude prices up sharply, and threatened to disrupt global oil flows for weeks, as well as causing turmoil for international travel.Reuters
2 hours ago
Asia stocks, FX weaken as Mideast war pushes investors into havens
March 2 (Reuters) - Emerging Asian assets slipped on Monday, after U.S. and Israeli strikes on Iran and Tehran's retaliatory moves fuelled a jump in oil prices, spurring investors to safe havens such as the U.S. dollar, gold and government bonds.Reuters
2 hours ago
Hezbollah attacks Israel, prompting Israeli strikes and Lebanese criticism
Hezbollah says it fired at Israel to avenge KhameneiIsrael holds Hezbollah responsible for escalationState media: Lebanese security forces ordered to arrest those who fired rocketsIsrael orders Lebanese to evacuate dozens of villagesBy Laila Bassam, Yomna Ehab, Nayera Abdallah and Steven Scheer B...Reuters
3 hours ago
Asian assets slide as Mideast strikes spark oil spike, haven rush
Emerging Asian stocks and currencies slid on Monday after weekend U.S. and Israeli attacks on Iran and Tehran's retaliatory strikes in the region lifted oil prices and sparked a dash for havens such as the U.S. dollar, gold and sovereign debt.Reuters
3 hours ago
GLOBAL MARKETS-Oil surges, stocks slide as conflict grips Middle East
SYDNEY, March 2 (Reuters) - Oil prices surged on Monday and shares slid as military conflict in the Middle East looked set to last weeks, threatening to upend a global economic recovery and perhaps reignite inflation.Reuters
4 hours ago
