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Carnival Stock Rises As Oil Prices Fall After MoU

Benzinga·
Carnival Stock Rises As Oil Prices Fall After MoU

Carnival shares rose 3.58% as crude oil prices fell following a U.S.-Iran peace deal that reopens the Strait of Hormuz and resumes Iranian crude exports. Oil prices dropped 1.3% to $75/barrel, benefiting cruise operators by reducing fuel costs and improving margins. Technical indicators show Carnival in a healthier intermediate trend with key resistance at $33.00 and support at $25.50.

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