Halliburton Shares Surge Amid Rising Oil Prices Due to NATO-Russia Tensions

Halliburton (HAL) shares rallied 9.6% as oil and gas stocks gained momentum following heightened geopolitical tensions between NATO and Russia. The escalation stems from recent Russian drone incursions into NATO airspace, prompting threats of further sanctions that could constrain global oil supply. Russia accounts for roughly 10% of worldwide crude output.

Brent Crude climbed above $67 per barrel, while West Texas Intermediate breached $63—a 2% daily increase. Halliburton, as a Leveraged services provider to drilling operations, exhibited amplified sensitivity to the price movement. The company carries $8.5 billion in gross debt, intensifying its exposure to commodity volatility.

European nations continue importing Russian gas under current sanctions until 2027, though former U.S. President TRUMP urged an immediate halt. Concurrently, Ukrainian strikes on Russian energy infrastructure have prompted Moscow to consider prolonging diesel export restrictions.