7 months ago

Why US Energy Shares are Surging Today

Benzinga
Benzinga
Shares of independent energy company US Energy Corp ($USEG@US) are trading higher today amid a rise in oil and energy prices in the wake of Russia’s invasion of Ukraine. The United States and European allies have been discussing banning Russian oil imports. On Monday, the U.S. signaled a willingness to stand alone in banning imports, which added to the move in oil prices. Oil climbed to 13-year highs this week. WTI crude continues to trade higher today, nearing $125, while Brent crude, the international benchmark, is hovering close to $130. US Energy is an independent energy company focused on the acquisition and development of oil and natural gas-producing properties in the continental U.S. US Energy shares were up more than 37% at $8.66 this morning.

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