2 Oil Stocks Rising Amid Geopolitical Tensions

Industry Overview - Oil stocks are experiencing an upward movement due to recent geopolitical tensions between the U.S. and Ukraine, which have heightened expectations for oil demand. West Texas Intermediate (WTI) crude has increased by 2.3% [1] Company Performance - APA Corporation (NASDAQ:APA) stock is trading at $24.27, reflecting a 0.4% increase. The stock has retreated from its one-year high of $27.72 but is finding support at its 80-day moving average near the $24 level. Year-to-date, APA has a gain of 5.3% [2] - Devon Energy Corporation (NYSE:DVN) shares are up 1.5%, trading at $36.20. The stock has a year-to-date gain of 10.9%, following a recovery from its 52-week low of $25.89 recorded on April 9 [2] Options Market Insights - APA's Schaeffer's Volatility Index (SVI) is at 36%, which is higher than 96% of readings from the past year, indicating a relatively high level of volatility [3] - DVN's SVI stands at 28%, ranking in the 1st percentile of its annual range, suggesting that options premiums for this stock are currently inexpensive [3]