2 Oil Stocks Rising Amid Geopolitical Tensions
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Oil stocks are rising due to heightened geopolitical tensions following talks between President Trump and Ukrainian leader Zelenskyy. West Texas Intermediate (WTI) crude increased by 2.3%. APA Corporation's stock rose 0.4% to $24.27, maintaining a 5.3% gain year-to-date. Devon Energy Corporation shares climbed 1.5% to $36.20, with a 10.9% year-to-date gain. Option traders should note that APA's Schaeffer's Volatility Index (SVI) is at 36%, while DVN's SVI is at 28%, indicating lower options premiums for both stocks.
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