APA Corporation Announces Additional 40M Share Buyback Authorization

Shares of oil and gas exploration and production companies are trading lower as API data indicating a U.S. crude inventory weekly increase and EIA data showing that gasoline and distillate stored volumes grew since last week are pressuring stocks that have heavier exposure to the North American physical energy market. Also, reports suggesting Saudi Arabia is making efforts to get crude exports moving are dampening oil prices.

Stock of the Day: Did APA Corporation Break Major Resistance?

APA shares may have broken longstanding $45 resistance, a bullish signal suggesting sellers are exhausted and a new uptrend could begin.

10-Year Yield Tops 5%, Oil Storms Past $105: Stock Market Today

The 10-year Treasury yield broke 5% for the first time since 2007 as WTI surged past $105 on Saudi pipeline outages, pressuring stocks ahead of the Fed.