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Benzinga
Benzinga
Business
Henry Khederian

Why Camber Energy, Indonesia Energy And Imperial Petroleum Shares Are Moving

Camber Energy Imperial Petroleum Indonesia Energy Camber Energy Inc Imperial Petroleum Inc Indonesia Energy Corp Ltd

Camber Energy Inc (NASDAQ:CEI), Indonesia Energy Corp Ltd (NASDAQ:INDO) and Imperial Petroleum Inc (NASDAQ:IMPP) shares are all trading lower Tuesday, possibly on profit taking, amid continued volatility spawned by an increase in the price of oil.

Shares of smallcap oil penny stocks have seen marked volatility on heavy volume due in recent sessions due to supply concerns. Energy names have been volatile amid the Russia-Ukraine conflict, which has lifted oil and gas prices due to supply concerns. 

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