Shares of APA (NASDAQ: APA) rallied 4.1% on Wednesday as of 1:30 p.m. ET, continuing a second straight day of gains for oil stocks.
As was the case yesterday, oil prices leapt higher, albeit off of a low price, as tensions between NATO countries and Russia ratcheted up once again. But this time, the source of increased tensions came from President Donald Trump, in an unexpected reversal from his prior conciliatory tone toward Russia.
Yesterday, President Trump wrote on Truth Social that: