Trio Petroleum Shares Surge 9%-15% as Crude Oil Jumps 3%
TPET•Trio Petroleum shares rose 9%-15% in premarket trading as crude oil climbed 3% after Iranian Revolutionary Guard counterstrikes near the Strait of Hormuz. The surge coincides with investor focus on April Core PCE Price Index and revised GDP figures, pivotal for Federal Reserve rate outlook.
1. Geopolitical Catalysts Drive TPET Rally
Renewed tensions in the Strait of Hormuz prompted Iranian Revolutionary Guard counterstrikes following U.S. defensive actions, pushing crude oil prices 3% higher. Trio Petroleum’s shares responded with a 9%-15% premarket gain as investors priced in tighter supply risks and heightened regional volatility.
2. Fed Data Looms Over Market Sentiment
Market participants are bracing for the April Core PCE Price Index release and revised GDP figures, which will influence Federal Reserve policy direction. Trio Petroleum’s momentum may face headwinds or tailwinds depending on inflation signals and economic growth prospects that shape oil demand forecasts.
