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Benzinga
Benzinga
Business
Henry Khederian

Why Indonesia Energy Shares Are Rising

Indonesia Energy Indonesia Oil Indonesia Energy Corp Ltd Nasdaq

Shares of small-cap penny stock Indonesia Energy Corp Ltd (NASDAQ:INDO) are trading higher by 31.96% at $18.21. Energy names have been volatile amid the Russia-Ukraine conflict, which has lifted oil and gas prices due to supply concerns. 

Several energy companies at large are also trading higher in sympathy with the increase in oil prices.

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