As an energy company, APA Corporation's financial performance is closely tied to oil prices. The conflict in the Red Sea has created supply uncertainties, pushing oil prices higher, which typically benefits oil companies like APA.

Canadian Natural Resources Limited, as an oil and gas producer, stands to benefit from higher oil prices. The geopolitical tensions in the Red Sea are likely to positively impact CNQ's stock price in the short term.

Ovintiv Inc., being in the energy sector, benefits from increases in oil prices. The current geopolitical situation in the Red Sea is likely to cause a short-term positive impact on OVV's stock price.

Petróleo Brasileiro S.A. - Petrobras is directly affected by oil market dynamics. The conflict in the Red Sea has led to a rise in oil prices, which is typically beneficial for oil companies like PBR, suggesting a positive short-term impact on its stock.