US Stock Market Move | Small-cap energy stocks soar, EON Resources (EONR.US) rises over 60%

On Tuesday, small-cap energy stocks in the US soared. As of press time, EON Resources (EONR.US) rose over 60%, Trio Petroleum (TPET.US) rose over 36%, U.S. Energy Corp. (USEG.US) rose over 17%, Barnwell Industries, Inc. (BRN.US) rose over 15%, and Houston American Energy Corp. (HUSA.US) rose over 14%. On the news front, President Trump plans to declare a national energy emergency. Former President Biden previously signed laws restricting oil drilling in US offshore and federal lands. Trump, on the other hand, stated that the US has the largest reserves of oil and natural gas in the world, which is an advantage that other manufacturing countries do not have. His government will make use of these resources.