Indonesia Energy (INDO) Stock Surges 40% As Mideast Tensions Spike Oil Prices

Shares of Indonesia Energy Corp Ltd (NYSE:INDO) are trading higher by 40% to $5.59 Tuesday afternoon, catching the eye of investors and trending across social media platforms. Tuesday’s rise comes as escalating geopolitical tensions in the Middle East spark fears of a wider conflict, driving crude oil prices higher.What To Know: Indonesia Energy is an independent oil and gas exploration and production company with operations primarily located in Indonesia.The company holds key assets, including the Kruh Block, a producing oil field, and the Citarum Block, a natural gas exploration area. As a producer of crude oil, the company’s revenue is directly tied to the commodity’s market price.Read Also: What’s Going On With Digital Turbine Shares Today?Tuesday’s …Full story available on Benzinga.com