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Trio Petroleum's Cooling Off After Hours After 169% Rally — What Made TPET Shoot Up?
Trio Petroleum Corp. (TPET) shares experienced a 169.05% intraday rally fueled by fears of Middle East oil supply disruptions, but then cooled off by 8.83% in after-hours trading. The surge was linked to U.S.-Israeli strikes on Iran and the threat of the Strait of Hormuz closure, impactful for the California-based oil and gas company with holdings in major oil fields. BROADER market volatility also saw Battalion Oil (BATL) and TMD Energy (TMDE) with significant intraday gains and subsequent after-hours drops.