Canadian Natural Resources Ltd is trading at $43.22 (+5.28%) in pre-market as energy stocks gain momentum from rising Brent crude prices and heightened geopolitical tensions.
- Brent crude and geopolitical risks surrounding the Strait of Hormuz continue to support the energy sector, despite a lack of company-specific catalysts.
- The move significantly outpaces the broader market, which remains nearly flat, indicating a sector-specific reaction rather than a general risk-on rally.