BUZZ-Cruise stocks jump as oil slumps, easing fuel cost pressure

Norwegian Cruise Line Holdings Ltd.
Royal Caribbean Group
Carnival Corporation Ltd.

Norwegian Cruise Line Holdings Ltd.

NCLH

0.00

Royal Caribbean Group

RCL

0.00

Carnival Corporation Ltd.

CCL

0.00

** Shares of U.S. cruise operators climb as crude oil prices fall to levels last seen before the start of the war against Iran O/R

** Norwegian Cruise Line Holdings NCLH.N adds 4.1%, Royal Caribbean RCL.N jumps 5%, Carnival Corp CCL.N rises 2.6%

** Brent crude futures LCOc1 falls 3.9% to $74.03/barrel and U.S. WTI CLc1 slips 3.7% to $70.41/barrel, as supply concerns eased with more stranded oil tankers exiting the Strait of Hormuz

** Cruise operators, heavily reliant on fuel and marine gas oil, have been grappling with tougher conditions amid Middle East-driven supply fears

** On Tuesday, CCL forecast third-quarter profit below estimates, citing lingering impact from higher fuel prices due to war