Energy Shipping Stocks Rise on Higher Oil Prices -- Market Talk

Dow Jones04-02

0244 GMT - Energy shipping stocks rise broadly in Asia as oil prices rebound after President Trump's speech. Trump's latest speech signals further U.S. military strikes against Iran, reviving concerns over supply disruptions in the Middle East. Front-month Brent crude oil rises 4.9% to $106.09 a barrel, and WTI crude is up 4.1% at $104.26 a barrel. Cosco Shipping Energy advances 6.0% in Hong Kong and China Merchants Energy Shipping jumps by 10%, the daily permitted maximum limit, in Shanghai. Korea Line Corp. is 2.3% higher and Mitsui O.S.K. Lines is up 0.7%.(sherry.qin@wsj.com)

(END) Dow Jones Newswires

April 01, 2026 22:44 ET (02:44 GMT)

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