Shell PLC shares reached a new 52-week high Tuesday as crude oil surged 4.3% to $105.75 per barrel amid deepening Middle East supply constraints and fresh disruptions to Libyan output, Trading Economics data showed. The Nasdaq fell 0.61% and the S&P 500 declined 0.53%, while the Energy Select Sector SPDR Fund gained 2.25%. Separately, Shell Energy North America agreed to sell its interests in RISEC Holdings LLC to Constellation Energy Generation LLC for $715 million. RISEC owns a 609-megawatt natural gas-fired plant serving New England. Shell also agreed to acquire Hunlock Creek Generating LLC, which owns 169 megawatts of natural gas-fired capacity in Pennsylvania, expanding Shell’s presence in the PJM power market and supporting its energy trading operations. Both transactions require regulatory approval and are expected to close in the first quarter of 2027. Shell trades 5.7% above its 20-day simple moving average (SMA), 10% above its 50-day SMA and 18.1% above its 200-day SMA, with the averages bullishly aligned. Its relative strength index (RSI), a momentum gauge, was 76.18, above the commonly watched overbought threshold of 70. The stock broke above its previous 52-week high of $97.63, a level that could become support during a pullback. Analysts hold a Buy consensus rating with an average price forecast of $109.57. Piper Sandler maintained a Neutral rating and raised its forecast to $100 on Sept. 3, while Wells Fargo maintained an Equal-Weight rating and raised its forecast to $105 on July 31. Shell shares were up 2.67% at $99.02 at publication, according to Benzinga Pro data.