🟢 APA is trading 4.18% up today as crude rallies on supply concerns

APA is trading 4.18% up at $45.64 on a crude rally amid Middle East supply concerns.

• Crude rose up to 5% amid escalating Middle East supply concerns, shipping attacks and reduced U.S. output as a hurricane threatened offshore production; broad U.S. equities weakened.
• APA's October 7 preliminary third-quarter information reported a $190 million net gain on oil and gas transactions and repurchases of 10.5 million shares; evidence does not establish it as the direct cause of the October 8 move.