Goodyear Shares Rise Due to Falling Oil Prices and Improved Margins
Goodyear Tire & Rubber Co (GT) shares rose 7.1% on April 17, 2026, driven by declining oil prices, which positively impact the company's margins. Raw materials account for 45% of Goodyear's costs, with 70% of that tied to oil prices. Lower oil prices also reduce gasoline costs, encouraging more driving and boosting tire sales in the replacement market.
Tickers: $GT
Topics: Goodyear Tire & Rubber market trends oil prices raw material costs stock performance