Oil prices rose to a five-month high on Monday, weighing on the stocks of airlines, cruise operators, and other companies w💎hose finances are directly affected by the price of fuel.

Oil prices jumped more than 3% at the end of last week after the Treasu༒ry D♛epartment announced sweeping sanctions against the Russian oil industry, raising concerns about possible disruptions to global supply. 

澳洲幸运5官方开奖结果体彩网:Brent crude, the global benchmark, rose more than 1% to about $81 a barrel, its highest level since August. 澳洲幸运5官方开奖结果体彩网:West Texas Intermediate, the American benchmark, tr🅺aded at $78.70 a barrel on Monday afternoon, a nearly ♋3% increase from Friday.

Airlines, for which fuel is a large expense, were feeling the pressure on Monday. Shares of Delta Air Lines (DAL) and United Airlines (UAL) fell over 2%. American Airlines (AAL) slumped more than 4%. Cruise operators like Carnival (CCL) and Norwegian Cruise Line (NCLH) were also lower, down about 1.6% and 0.6%♚, respectively. 

On the flip side, oil and natural gas producers were among the S&P 500's best performers on Monday. Shares of Baker Hughes (BKR) were up nearly 4% and ExxonMobil (XOM) advanced close to 3%.

Travel stocks finished the year strong as oil prices trended lower and consumers showed few signs that higher prices have dented robust post-pandemic travel demand. United Airlines was one of the S&P 500’s best-performing stocks in 2024. Its shares have more than doubled in value in the past year. Delta has gained about 69% over the same period. Royal Caribbean (RCL) stock wa🦂s little changed Monday but has risen more than 87% in the l﷽ast 12 months.