Oil prices dipped despite Middle East tensions as markets took profits, ignoring military strikes and ceasefire claims—tankers kept moving through Hormuz, calming fears. Energy stocks like APA, Tidewater, and Tenaris fell, but fundamentals remain strong. APA’s stock, though volatile, is still up 32% YTD and trading below its 2026 high—proof the market often overreacts, creating buying opportunities for fundamentally sound plays.
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