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Battalion Oil Corp. (NYSE:BATL) surged 15.79% in after-hours trading on Tuesday, jumping to $22.
BATL closed the regular session up 2.32% at $19, according to Benzinga Pro data.
Middle East Tensions Send Oil Stocks Soaring
The stock moved following a broad rally in the oil and gas sector after coordinated U.S. and Israeli strikes against Iran over the weekend.
Tehran’s closure of the Strait of Hormuz, a key chokepoint for global crude and LNG shipments, pushed benchmark oil futures higher and lifted sentiment for upstream producers.
Capital Raise Strengthens Balance Sheet
On Tuesday, Battalion announced a private placement …
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