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Trio Petroleum Corp. (NYSE:TPET) and Battalion Oil Corp. (NYSE:BATL) surged in after-hours trading on Wednesday, gaining 13.51% and 10.44%, respectively.
The stocks moved in the extended trading session comes amid an escalating U.S., Israel and Iran conflict, which remains the main catalyst.
The conflict, which is now in its 12th day, has rattled global energy markets.
Geopolitical Fear Trade Fuels Energy Names
The stocks of the two independent energy companies have rallied since the conflict began on Feb. 28, fueled by rising geopolitical tensions in the Middle East.
Traders are pricing in a prolonged disruption …
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