--- title: "Borr Drilling and Core Laboratories Shares Are Soaring, What You Need To Know" type: "News" locale: "en" url: "https://longbridge.com/en/news/286812419.md" description: "Borr Drilling and Core Laboratories shares surged by 4.9% and 4.4% respectively, driven by rising crude oil prices above $100 a barrel amid geopolitical tensions. The Energy Select Sector SPDR Fund (XLE) also gained 2.4%. Borr Drilling's stock has increased 65.8% this year, reaching a new 52-week high of $6.62. Investors are advised to consider the volatility and potential opportunities in the current market." datetime: "2026-05-18T19:50:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286812419.md) - [en](https://longbridge.com/en/news/286812419.md) - [zh-HK](https://longbridge.com/zh-HK/news/286812419.md) --- # Borr Drilling and Core Laboratories Shares Are Soaring, What You Need To Know **What Happened?** A number of stocks jumped in the afternoon session after crude oil pushed back above $100 a barrel, with Brent near $111 and WTI close to $108. The move followed fresh comments from President Trump that "the Clock is Ticking" for Iran, a drone attack on the UAE's Barakah nuclear plant over the weekend, and the continued closure of the Strait of Hormuz, a chokepoint that normally carries about 20% of the world's oil. The Energy Select Sector SPDR Fund (XLE) gained roughly 2.4%, with Exxon, Chevron and ConocoPhillips leading.Supply data added to the squeeze: U.S. crude inventories fell 4.3 million barrels in early May, dropping below the five-year average, while natural gas futures jumped. The risk for investors remained symmetrical as any de-escalation could reverse the move just as quickly. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: - Oilfield Services company Borr Drilling jumped 4.9%. Is now the time to buy Borr Drilling? Access our full analysis report here, it’s free. - Oilfield Services company Core Laboratories jumped 4.4%. Is now the time to buy Core Laboratories? Access our full analysis report here, it’s free. **Zooming In On Borr Drilling (BORR)** Borr Drilling’s shares are extremely volatile and have had 51 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 3.4% on the news that oil prices climbed amid geopolitical uncertainty following the U.S. rejection of a peace proposal from Iran. West Texas Intermediate crude rose over 2.5% to around $97.89 per barrel, while Brent crude, the international benchmark, also gained more than 2.6% to approximately $104 per barrel. The price increase followed President Trump's dismissal of Iran's latest peace proposal as "TOTALLY UNACCEPTABLE!" This development heightened market concerns about the ongoing conflict. For energy producers, higher oil prices can directly translate to increased revenue and profitability, which typically drives positive investor sentiment. Borr Drilling is up 65.8% since the beginning of the year, and at $6.62 per share, has set a new 52-week high. Investors who bought $1,000 worth of Borr Drilling’s shares 5 years ago would now be looking at an investment worth $3,445. **ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal.** Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. **Get All 3 Stocks Here for FREE**. ### Related Stocks - [BORR.US](https://longbridge.com/en/quote/BORR.US.md) - [CLB.US](https://longbridge.com/en/quote/CLB.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [XOM.US](https://longbridge.com/en/quote/XOM.US.md) - [CVX.US](https://longbridge.com/en/quote/CVX.US.md) - [COP.US](https://longbridge.com/en/quote/COP.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [PYPL.US](https://longbridge.com/en/quote/PYPL.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) ## Related News & Research - [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md) - [ROI-ENERGY WATCH: Alarms and clocks](https://longbridge.com/en/news/286796437.md) - [Citi bull case Brent hitting $150 near term as oil markets under-price disruption risk](https://longbridge.com/en/news/286992430.md) - [BUZZ-Energy tech firm Babcock & Wilcox slides on $200 mln stock offering](https://longbridge.com/en/news/286464561.md) - [Oil rises more than 1% after drone attack on UAE nuclear power plant](https://longbridge.com/en/news/286683769.md)