Camber Energy Inc (AMEX:CEI) gapped up 13.34% off Friday’s closing price and was surging up an additional 8% intraday.
The Russia-Ukraine crisis has boosted the energy sector as investors continue to weigh the effect the conflict will have on global oil supplies. On Monday, tribal leaders in the North African country of Libya forced a shutdown at the Sharara oil field, in protest against the state-run government. The conflict will shutter the production of about 450,000 barrels of oil per day, furthering concerns of supply shortages.
