There's a high investor appetite for energy stocks today following a rise in spot oil prices overnight.
Melbana Energy shares are rocketing today after the oil and gas exploration company provided an update on its Alameda Reservoir in Cuba, sharing that independent reserves and reserves and resources expert McDaniel & Associates completed its assessment for the second reservoir and certified 3 billion barrels of oil in place, 148 million barrels of prospective resource and a 56% chance of discovery.
Woodside Energy shares are up more than 3% today after UBS upgraded its rating on the energy giant to ?buy? and on the back of rising oil prices overnight.
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