Oil Spikes On Latest Mideast Developments… And Opportunity In The Volatility 5/4/26

Oil Spikes On Latest Mideast Developments… And Opportunity In The Volatility 5/4/26

From CNBC's "Fast Money" by CNBC

May 4, 2026 · 47 min

About this episode

The episode discusses the impact of rising oil prices due to Middle East developments on gas prices and equities, along with after-hours stock movements and a new movie release.

Oil prices jumping on the latest developments out of the Middle East. How the energy spikes are impacting already high gas prices, and the impact it’s having on equities as stocks pull back from record highs. Plus, all the after-hours action in shares of Palantir & Paramount, clarity on Clarity helps fuel a crypto jump, and how a legendary Hollywood producer brings the magic to the silver screen as “The Devil Wears Prada 2” tops the box office this weekend. Fast Money Disclaimer

People in this episode

Host: CNBC

Topics covered

  • oil prices
  • Middle East developments
  • gas prices
  • equities
  • crypto
  • Hollywood

Keywords

  • oil prices
  • Middle East
  • gas prices
  • equities
  • Palantir
  • Paramount
  • crypto
  • Hollywood

Mentioned in this episode

Organizations: CNBC

Products: Palantir, Paramount

Books & works: The Devil Wears Prada 2

Places: Middle East

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