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Benzinga

Business

Henry Khederian

Here's Why Camber Energy Shares Are Falling

Camber Energy Russia United States Camber Energy Inc

Shares of energy companies, including Camber Energy Inc (NASDAQ:CEI), are trading lower as oil prices pull back amid Russia-Ukraine talks as well as increasing Chinese COVID cases.

Shares of smallcap energy penny stocks have been volatile in recent sessions on heavy volume. Volatility in the sector has spiked amid the Russia-Ukraine conflict, which has lifted oil and gas prices due to supply concerns. Oil prices gained last week after the US announced a ban on Russian oil, natural gas and coal imports.

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