Shares of smallcap oil penny stocks have seen marked volatility on heavy volume due in recent sessions due to supply concerns. Energy names have been volatile amid the Russia-Ukraine conflict, which has lifted oil and gas prices due to supply concerns. 

The Russia-Ukraine conflict has caused volatility in the broader market and put pressure on some countries to become less dependent on Russian gas. The United States today announced a ban on Russian oil, natural gas and coal imports.

The cost of a barrel of crude oil hit an intraday high and 13-year high of $129.00 Tuesday morning and is trading around $128.00 at the time of publication.

Camber Energy is trading lower by 1.2% at $1.26.

Indonesia Energy is trading lower by 34.1% at $40.53.

Imperial Petroleum is trading lower by 30.0% at $5.25.