Canadian Natural Resources Limited is trading 4.62% down at CA$60.47 as crude prices tumble following a U.S.-Iran peace deal and the reopening of the Strait of Hormuz.
- The broader energy sector is under pressure as geopolitical de-escalation leads to a sharp correction in global oil benchmarks.
- While no company-specific news was reported today, bearish sentiment has grown, evidenced by a 280.5% surge in short interest during May despite a recent quarterly earnings beat.