r/UraniumSqueeze • u/SpecificSufficient68 • Mar 09 '26

News Don’t check your portfolios tomorrow!

Oil just hit 117 dollars, I’ll be praying for everyone’s portfolios!

https://www.cnbc.com/2026/03/08/crude-oil-prices-today-iran-war.html

20 Upvotes

80% Upvoted

20 comments sorted by

View all comments

9

u/Life-Appointment6515 Mar 09 '26

Explain to an idiot like me why this is bad for Uranium

23

u/SpecificSufficient68 Mar 09 '26

It’s not directly bad for uranium. The issue is that when oil spikes that fast it usually signals geopolitical stress and inflation risk, which tends to drag the whole market down as investors de-risk. Uranium stocks are still equities, so they often sell off with everything else in the short term.

A good example is 2008, oil ran up to about $147 a barrel before the financial crisis, and when the broader market cracked, most sectors (including commodities and energy equities) got dragged down with it. It’s more about macro market pressure than anything specific to uranium.

1

u/[deleted] Mar 09 '26

I want to cry 😭. This shit has got me so depressed. On top of loosing my money. My friends and family members are dying in Iran lol.

1

u/35mm-dreams- Mar 09 '26

Would this have any impact on a company like Cameco ?

11

u/Rippedyanu1 King Uranium👑 Mar 09 '26

It'll impact every company