Shares of oil and gas-related companies are trading higher amid multiple catalysts including renewed Iranian focus on striking vessels in the Strait of Hormuz, Tehran's hardline stance on nuclear enrichment limits, and Houthi rebel strikes on Saudi Arabia. Also, elevated refined product prices, refining margins, and tanker day rates are benefiting the wider sector.

Stock Market Today: S&P 500 Slips as Oil Spikes 5%, 10-Year Yields Near 5.35%

Stocks slip as Gulf tanker attacks lift Brent above $105 and the 10-year yield nears 5.35%; small caps lag while energy and Chipotle rally.

APA shares are trading higher after the company announced in Q3 it expects a net gain on oil and gas purchases.

8-K filing — APA Corp (APA)

Filed: 2026-10-07 AccNo: 0001841666-26-000058 Size: 182 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits

Shares of U.S.-traded companies with Brazil exposure are trading higher after the first round of Presidential election balloting showed right-wing candidate Flavio Bolsonaro with a lead over Lula, the current left-wing President. The results may indicate a possible pro-business final election outcome ahead of the October 25 run-off vote, wherein the winning candidate must achieve a majority above 50%.

'France and Germany say diesel promise to Trump won’t require new stock release' - Politico Exclusive

https://www.politico.eu/article/france-and-germany-say-diesel-promise-to-trump-wont-require-new-stock-release/

Mizuho Maintains Outperform on BP, Raises Price Target to $56