Sky Quarry Inc.

(NASDAQ:SKYQ) stock is trading higher on Wednesday as oil refining and marketing companies gain value following U.S. and Iranian strikes across the Gulf region.

The Nasdaq is down 0.44% while the S&P 500 has shed 0.68%.

Overall, the Energy sector is leading the market, gaining 1.63%.

The advance comes after a prolonged period of weakness, with the sector down 4.71% over the past 30 days and 3.05% over the past 90 days.