Brent crude briefly tops $119 per barrel before pulling back, and stocks sink worldwide [Globe and Mail, The (Toronto, Canada)]
Freeport-McMoRan, Inc. (FCX)
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Source: Globe and Mail, The
Brent crude, the international standard, briefly rose above $119 per barrel in the morning before pulling back to $107.87, or 0.5% higher than its rise from the prior day. A barrel of benchmark U.S. crude slipped 0.2% to close at $96.14 after climbing above $101 earlier in the day on news that Iran intensified its attacks on oil and gas facilities around the Persian Gulf in response to an Israeli attack on an important Iranian natural gas field The attacks added to fears that fighting may knock out production of oil and gas in the Gulf for a long time, which would mean high prices could last a while and cause inflation to rip higher around the world. Stock indexes dropped 3.4% in Japan, 2.7% in South Korea, 2.8% in Germany and 2.3% in the United Kingdom. On Wall Street, where trading began after Brent crude's price pared its big gain and where companies are less reliant on oil from the Gulf, the losses were more modest. The S&P 500 fell 0.7% and is on track for a fourth straigh
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News
- Brent crude briefly tops $119 per barrel, before receding, and shakes stock markets worldwide [Los Angeles Times (CA)]Los Angeles Times
- The Price of Gold is Sinking. What's Driving the Sell-Off? [Yahoo! Finance]Yahoo! Finance
- US stocks pare their losses as oil prices recede after briefly topping $119 per barrel [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Global stock markets slide as oil market volatility rattles investors [Yahoo! Finance]Yahoo! Finance
- Brent crude briefly tops $119 per barrel before pulling back, and stocks sink worldwide [Yahoo! Finance Canada]Yahoo! Finance Canada
FCX
Earnings
- 1/23/26 - Beat
FCX
Sec Filings
- 3/10/26 - Form 4
- 2/27/26 - Form 8-K/A
- 2/24/26 - Form 4
- FCX's page on the SEC website