🔴 Riley Exploration Permian is trading 6.72% down in pre-market as Brent crude fell more than 8%

Riley Exploration Permian is trading 6.72% lower at $40.00 in pre-market amid a sharp oil-sector selloff, as Brent crude fell more than 8% Wednesday.

• Brent’s decline came amid hopes for de-escalation in the US-Iran conflict, pressuring energy shares.
• November 4 results showed stronger production and revenue, but a GAAP loss tied to derivative losses; available reporting does not establish that earnings caused the pre-market decline.