Trio Petroleum Corp. shares rallied Thursday as escalating Middle East geopolitical tensions lifted crude benchmarks, with Brent crude rising above $101 per barrel. The company’s fiscal third-quarter filing also showed revenue growth and improved liquidity. Revenue for the nine months ended July 31 rose to $679,031 from $226,485 a year earlier, driven by production progress at the South Salinas project in Monterey County. Net loss narrowed to $4.25 million, while quarterly revenue increased 81% year over year. Equity sales through an at-the-market facility, which allows a company to sell shares gradually at prevailing prices, helped lift cash and cash equivalents to $24.3 million and working capital to $23.5 million as of July 31. Management said the stronger balance sheet eased previous going-concern uncertainties and provided funding for development across its California and Utah assets. Trio Petroleum shares were up 12.71% at $2.04 at publication, according to Benzinga Pro data.