Prairie Operating is trading 6.6% higher at $0.73 in pre-market trading as oil prices rebound following a resurgence in Middle East geopolitical risks.
- Energy names are seeing renewed support after the U.S. intercepted an Iranian missile attack and Iran seized tankers, reversing yesterday's sector pullback tied to falling crude prices.
- Traders are actively repositioning in the energy sector ahead of the upcoming Federal Reserve meeting, driving recovery in stocks hit by previous volatility.