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00:02Shell shares hit a new 52-week high Tuesday as crude oil prices surged on supply disruptions
00:08in the Middle East, according to Benzinga.
00:10Crude oil jumped 4.3% to $105.75 per barrel as Middle East supply constraints deepened
00:17and Libyan output faced fresh disruptions, according to Trading Economics.
00:21Separately, Shell agreed to sell its interests in RISEC holdings to Constellation Energy
00:27Generation for $715 million.
00:31RISEC owns a 609-megawatt natural gas-fired power plant serving New England.
00:37Shell also agreed to acquire Hunlock Creek Generating, which owns 169 megawatts of natural gas-fired
00:43generation capacity in Pennsylvania.
00:45Both transactions are expected to close in the first quarter of 2027.
00:49Shares rose 2.67% to $99.02 at the time of publication on Tuesday, according to Benzinga Pro data.
00:56For all things money, visit Benzinga.com.
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