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Why APA Stock Just Popped
APA stock offers a low-cost way to invest in the rising price of oil and gas.
Independent oil and gas producer APA (NASDAQ: APA) gained 3.8% through 1:30 p.m. ET as news continues to pour in concerning Israel's attacks on Iran, and Iran's response to same.
Israeli warplanes struck multiple targets in Iran last night, prompting drone strike reprisals from Iran, and threats of more of the same. Investors worry oil supplies from Middle East producers could be at risk, and oil prices are on the rise in anticipation of this.
Image source: Getty Images.
