Global Stock News

What next for Rolls-Royce shares after $100 oil price shock?

What next for Rolls-Royce shares after $100 oil price shock?

Departure & Arrival sign, representing selling and buying in a portfolio

Image source: Getty Images

Rolls-Royce Holdings (LSE: RR.) shares have rocketed over 1,100% in the past five years. And they got an extra boost on 26 February after the aero engine giant posted another stellar set of results.

But then the war in Iran started and oil prices surged. And it looks like the share price is taking a bit of a kicking. As I write on Monday (9 March), Rolls has fallen 3.5% on the day. And it’s down nearly 15% since its recent 52-week high.

The most recent fall comes at a time when oil benchmarks Brent Crude and West Texas Intermediate are hovering around $100 per barrel. Both had earlier peaked above $119.

Flights grounded

Few will have failed to notice the chaos hitting air travel as…

Source link

Share this article

Scroll to Top