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Norwegian Slides 3% as Rising Oil Undercuts Fuel-Cost Relief Hopes; Carnival and Royal Caribbean Trail
Source: 247wallst.com
Travel & LeisureEnergy Markets & PricesInvestor Sentiment & Positioning
Norwegian Cruise Line Holdings shares fell 3% to $14 in midday trading Wednesday as firmer crude oil prices weakened the expected fuel-cost relief thesis. Higher fuel costs represent a margin headwind for cruise operators and may pressure investor expectations for Norwegian's earnings trajectory.
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