Energy stocks top volume charts as crude prices surge to highest since 2008

Imperial Petroleum

07/03/2022 15:53

(Updates)
    ** Oil and gas companies were among the most actively traded
across U.S. exchanges on Tuesday, as crude prices spiked to
their highest levels since 2008 
    ** Camber Energy  CEI.N  topped the volume charts with 218
mln shares changing hands and stock gaining 35% to $1.06 by 1045
a.m. ET
    ** Imperial Petroleum  IMPP.O  and Transocean Ltd  RIG.N  -
two other stocks under $5/shr - were up 82.0% and 21.5%,
respectively
    ** U.S. and European allies weighed a Russian oil import ban
and delays in the potential return of Iranian crude to global
markets fueled supply fears  O/R 
    ** Brent  LCOc1  up 4% at $122.82/barrel, and WTI  CLc1  up
2.4% at $118.50/barrel
    ** Oil majors Chevron Corp  CVX.N  and Exxon Mobil XOM.N 
climb 2.0% and 3.4%, respectively
    ** Whiting Petroleum  WLL.N  jumps 6.9% and Oasis Petroleum
 OAS.O  up 7.1%; the U.S. shale oil and gas producers said they
will merge in a $6 billion deal including debt  urn:newsml:reuters.com:*:nL3N2VA34U
    ** Marathon Oil  MRO.N , APA Corp  APA.O , Devon Energy
 DVN.N , Diamondback Energy  FANG.O  and Occidental Petroleum
 OXY.N  surge between 1% and 6%
    ** Oilfield services firms Schlumberger  SLB.N  up 9.9%,
while Halliburton  HAL.N  climbs 9.6%

 (Reporting by Arunima Kumar and Medha Singh in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))