---
title: "Oil prices edge higher as supply crunch deepens, Fluor shares tumble on earnings miss"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286299371.md"
description: "Oil prices are rising due to a supply crunch caused by refinery attacks and tensions in the Middle East, with Brent crude nearing $111 per barrel. In contrast, Fluor's shares fell sharply after the company reported Q1 adjusted EPS of $0.14, missing estimates by over 78% and revenue below forecasts. The market outlook is mixed, with oil prices under upward pressure from supply losses, while Fluor's success depends on converting its $100B+ project pipeline into profitable contracts."
datetime: "2026-05-13T17:47:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286299371.md)
  - [en](https://longbridge.com/en/news/286299371.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286299371.md)
---

# Oil prices edge higher as supply crunch deepens, Fluor shares tumble on earnings miss

Oil supply strain: Refinery attacks and Middle East tensions have removed nearly 9% of global refining capacity, pushing Brent crude near $111 per barrel. Fluor earnings miss: Fluor posted Q1 adjusted EPS of $0.14, missing estimates by over 78%, with revenue also below forecasts, prompting a share sell-off. Market outlook split: Oil prices face upward pressure from supply losses, while Fluor's future hinges on converting its $100B+ project pipeline into profitable awards.

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