Carnival (CCL) Sheds 7.6% as Middle East Tensions Dent Travel Demand, Hikes Oil Prices

We recently published 10 Firms Facing a Rough March So Far. Carnival Corporation & PLC (NYSE:CCL) was one of the worst performers on Monday. Carnival Corporation saw its share prices drop by 7.64 percent on Monday to finish at $29.14 apiece amid the ongoing tensions in the Middle East that propelled oil prices higher and dragged down travel demand. As of writing, Brent crude and WTI soared by 7.67 percent and 6.68 percent, respectively, amid oil supply risks caused by the war among the US, Israel, and Ir ...