We have been witnessing a major move in oil price as crude oil jumped to a multi-year high. These stocks should be in your watchlist as these companies may benefit on rising oil prices.
Empire Petroleum Corporation (OTCMKTS:EMPR) is one of the major stock movers in the past few weeks on increased volume. The stock has soared 40% over the past month and jumped 7.50% in the previous trading session. Moreover, the stock is trading well above the 200-Day and 50-Day moving averages – signaling a bullish trend.
Spindletop Oil & Gas Co (OTCMKTS:SPND) was one of the biggest percentage gainers in Monday’s trading session. The stock soared 33.60% or 88 cents to close at $3.50. The stock has surged 60% so far this year and just 13% from its 52-week high of $4.02. Spindletop Oil & Gas Co., an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas in Alabama, Arkansas, Louisiana, Oklahoma, New Mexico, and Texas, the United States.
Royale Energy Funds Inc (OTCMKTS:ROYL) stock has been gaining momentum over the past week with a jump of about 15%. The stock was up 1.30% to $0.08 in the previous trading session with more than 172K shares traded hands, compared to its average volume of 42K shares.
Sixty Six Oilfield Services (OTCMKTS:SSOF) stock is another top move in the oil & gas sector. The stock has surged 66% over the past week. On Monday, the stock closed higher by 10% to $0.0162 with more than 20.88 million shares traded, compared to its average volume of 18.54 million shares.
OTC Oil and gas investors may also want to look at Allied Energy Corp. (OTCMKTS:AGYP) as it begins pumping oil from wells in Texas. While energy price and demand reach record highs, AGYP is an independent that has literally struck oil and has started pumping barrels when domestic buyers need it most. AGYP finished up 10% in Monday’s trading and there is a large short position which has investors paying close attention to this one.
