Shell climbs as Brent jumps on renewed Middle East supply fears
Shell (NYSE:SHEL) rose about 1.8% to $93.07 Tuesday as Brent crude jumped more than 2% to around $92.66 a barrel, driven by renewed Middle East fighting and supply-fear premiums.
Shell NYSE:SHEL, the integrated energy and LNG giant, climbed approximately 1.8% to $93.07 Tuesday as Brent crude jumped more than 2% to around $92.66 a barrel.
The catalyst was clear.
Renewed Middle East fighting pushed supply fearsand oil's geopolitical premiumstraight back into the market.Then c…