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Camber Energy Inc (NASDAQ:CEI) shares are trading higher by 9.58% to $0.23 Wednesday afternoon amid an increase in the price of oil following reports suggesting OPEC+ has agreed to a 2 million barrel per day output cut.
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This reduction could reverse weeks of declining oil and gas prices, according to Reuters, despite the U.S.'s lobbying to retain current quotas.
The U.S. had promised to buy 200 million barrels from OPEC members to restock its strategic petroleum reserve...Read More
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Camber Energy is active in the oil and gas market. The company is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations.
According to data from Benzinga Pro, Camber Energy has a 52-week high of $3.65 and $0.18.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.