--- title: "Crude Oil Dips Over 15%; Odyssey Marine Exploration Shares Jump" type: "News" locale: "en" url: "https://longbridge.com/en/news/282079829.md" description: "U.S. stocks rose significantly, with the Nasdaq up over 600 points and the Dow increasing by 2.59%. However, energy stocks fell by 5%, and crude oil prices dipped by 15.2% to $95.76. U.S. crude inventories rose by 3.1 million barrels, exceeding market expectations. Odyssey Marine Exploration shares surged 90% following a merger agreement, while Captivision Inc shares plummeted 86% due to a delisting notice. Overall, positive trends were seen in various sectors, with European and Asian markets also closing higher." datetime: "2026-04-08T17:43:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282079829.md) - [en](https://longbridge.com/en/news/282079829.md) - [zh-HK](https://longbridge.com/zh-HK/news/282079829.md) --- # Crude Oil Dips Over 15%; Odyssey Marine Exploration Shares Jump U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 600 points on Wednesday. The Dow traded up 2.59% to 47,788.74 while the NASDAQ surged 2.87% to 22,650.38. The S&P 500 also rose, gaining, 2.42% to 6,777.12. **Leading and Lagging Sectors** Industrials shares climbed by 3.7% on Wednesday. In trading on Wednesday, energy stocks fell by 5%. **Top Headline** U.S. crude inventories gained by 3.1 million barrels to 464.7 million barrels in the week ended April 3, versus market estimates of a 701,000-barrel gain. **Equities Trading UP**            - **Odyssey Marine Exploration Inc** (NASDAQ:OMEX) shares shot up 90% to $1.58. Odyssey Marine Exploration and American Ocean Minerals signed a $1 billion merger agreement. - Shares of **Aehr Test Systems** (NASDAQ:AEHR) got a boost, surging 27% to $63.84 following third-quarter results. - **U Power Ltd** (NASDAQ:UCAR) shares were also up, gaining 147% to $1.36 after entering subscription agreements with seven purchasers to sell 2.9 million Class A shares. **Equities Trading DOWN** - **Captivision Inc** (NASDAQ:CAPT) shares dropped 86% to $0.054 after the company received delisting notice from the Nasdaq after failing to meet filing deadline. - Shares of **WM Technology Inc** (NASDAQ:MAPS) were down 43% to $0.40 after the company announced plans to voluntarily delist its shares from Nasdaq. - **Better Home & Finance Holding Co** (NASDAQ:BETR) was down, falling 24% to $33.96 as the company announced pricing of public offering of Class A common stock. **Commodities** In commodity news, oil traded down 15.2% to $95.76 while gold traded up 2.7% at $4,809.20. Silver traded up 6.3% to $76.49 on Wednesday, while copper rose 3.8% to $5.7760. **Euro zone** European shares were higher today. The eurozone's STOXX 600 gained 4.2%, while Spain's IBEX 35 Index rose 4.3%. London's FTSE 100 jumped 3%, Germany's DAX climbed 5% and France's CAC 40 surged 4.9% during the session. **Asia Pacific Markets** Asian markets closed higher on Wednesday, with Japan's Nikkei 225 gaining 5.39%, China's Shanghai Composite gaining 2.69%, Hong Kong's Hang Seng Index jumping 3.09% and India's BSE Sensex gaining 3.95%. **Economics** - U.S. mortgage applications fell by 0.8% from the previous week during the week ending April 3, compared to the cumulative 28.5% fall from the three prior weeks. - U.S. crude inventories gained by 3.1 million barrels to 464.7 million barrels in the week ended April 3, versus market estimates of a 701,000-barrel gain. _Photo via Shutterstock_ ### Related Stocks - [OMEX.US](https://longbridge.com/en/quote/OMEX.US.md) - [603353.CN](https://longbridge.com/en/quote/603353.CN.md) - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [CAPT.US](https://longbridge.com/en/quote/CAPT.US.md) - [OILK.US](https://longbridge.com/en/quote/OILK.US.md) - [159189.CN](https://longbridge.com/en/quote/159189.CN.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [501018.CN](https://longbridge.com/en/quote/501018.CN.md) - [CPTAF.US](https://longbridge.com/en/quote/CPTAF.US.md) ## Related News & Research - [US crude premiums climb to record levels as Asia, Europe compete for supply](https://longbridge.com/en/news/281744813.md) - [LIVE MARKETS-Crude reality: traders want "oil NOW!"](https://longbridge.com/en/news/282179396.md) - [ROI-Iran ceasefire provides hope, but physical oil markets to remain stressed: Russell](https://longbridge.com/en/news/281956537.md) - [Traders place large $950 million bet on oil price falling hours ahead of ceasefire](https://longbridge.com/en/news/282061442.md) - [Odyssey Marine Exploration to Pay Mark D. 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