Why Shares of Apache Jumped 25% in June

Shares of oil driller Apache (NASDAQ:APA) rose 25.1% in June, according to data provided by S&P Global Market Intelligence. The jump in the company's share price came as OPEC+ leaders agreed to extend their existing production cuts through the end of July. With demand still sluggish due to coronavirus-related travel restrictions, the market breathed a sigh of relief and bid oil stocks upward.