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Killik & Co's Weekly Market Update: 13th Mar

Mar 13, 2026

The market update discusses the impact of the Iran conflict on oil prices, noting significant volatility and supply disruptions. The IEA's reserve release is mentioned as a stabilizing factor. Equity markets have seen mixed performance, with oil majors like BP and Shell benefiting from higher oil prices, while major indices like the S&P 500 are down. Bond yields have risen, and market expectations for UK interest rates have shifted towards potential hikes.

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Tickers discussed in this post

PRUNeutralLow ConvictionResearch Only

Prudential is expected to release its earnings on Wednesday.

SHELBullishMedium ConvictionSignal-backedSecondary

Shell has performed strongly in recent days, rising by more than 7% this week due to higher oil prices.

BPBullishMedium ConvictionSignal-backedSecondary

BP has performed strongly in recent days, rising by more than 7% this week due to higher oil prices.

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