Oljeaksjer faller på Oslo Børs

Oslo Børs opened lower on Friday by 0.41 percent, as oil price fluctuations continued to impact global markets and the Norwegian stock exchange. Nordsjøolje (Brent Spot) traded at $105.6 per barrel at the time of writing, down 1.2 percent since midnight and slightly lower than the previous day's closing. Large oil companies were among the most traded stocks today.

Oil prices had risen over the past two days, hitting below $100 on Wednesday. The development surrounding the war in the Middle East, with signals and rumors about its diplomatic front, has been a significant driver of price movements in both directions. On Thursday afternoon, there was a sudden oil price drop following rumors of talks between the US and Iran to open the Hormuz Strait and lift the economic blockade. Oil prices quickly recovered, only to drop again later that night.

World markets have been mixed in recent days, with interest rate fears and inflation outlooks contributing to higher market yields and occasional drops in the stock market. Thursday saw declines on European exchanges, and Wall Street opened lower on Friday, following declines in the bond market and for oil prices after the Hormuz rumors and the subsequent oil price rally.

Following the Hormuz rumors and the oil price surge, US stock markets saw a slight rebound, and the day ended with flat trading on Wall Street. Early indications before trading on Friday morning suggest a weak opening on the US stock market later in the day.