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20.08.26 - 18:36
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Norwegian Cruise Line Drops 5%, Carnival Falls 4%, Royal Caribbean Slips 3% as Oil Climbs (24/7 Wall St.)
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Cruise operators are falling in step with rising crude oil, a rare case where a same-day macro move maps straight to an operating cost line. Fuel is a direct operating cost for cruise ships, so higher oil prices flow straight through to margins. Norwegian Cruise Line (NYSE:NCLH) stock is down 5% to $16.50 by midday ... Norwegian Cruise Line Drops 5%, Carnival Falls 4%, Royal Caribbean Slips 3% as Oil Climbs...
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