Battalion Oil Corporation Common Stock (BATL)

href=https://www.benzinga.com/quote/RMSG target=_blank>(NASDAQ: RMSG) lost 67.6% to $0.69 in pre-market trading. The company recently announced a 1-for-20 reverse stock split.The shares of Marvell Technology Inc (NASDAQ: MRVL) surged in pre-market trading after securing a spot in the S&P 500 index, while Real Messenger Corp (NASDAQ: RMSG) experienced a significant decline. Other gainers in pre-market trading include Dreamland Ltd (NASDAQ: TDIC), Gamehaus Holdings Inc (NASDAQ: GMHS), Nurix Therapeutics Inc (NASDAQ: NRIX), SmartKem Inc (NASDAQ: SMTK), Mountain Lake Acquisition Corp (NASDAQ: MLAC), Battalion Oil Corp (NASDAQ: BATL), Qtrex Quantum Ltd (NASDAQ: QTEX), Bone Biologics Corp (NASDAQ: BBLG), and Cullinan Therapeutics Inc (NASDAQ: CGEM).

Before the US market kicks off on Monday, let's examine the pre-market session and unveil the notable performers among the top gainers and losers.

Battalion Oil Corp (NYSE:BATL) shares are trading sharply lower Wednesday after the company reported weak fourth-quarter results late Monday.

Rising fuel costs, with U.S. diesel above $5 per gallon, are adding to inflation concerns ahead of the Federal Reserve’s policy meeting on Wednesday.

USO bucked the trend with gains in premarket trading even as most oil stocks slipped despite oil climbing above $100.

Goldman Sachs estimates that oil flows through the Strait of Hormuz have collapsed by 97%.

The economist said that projections of oil rising to $150 per barrel are low if the Middle East war drags on.

Battalion Oil Corp (NYSE: BATL) shares are trading higher Thursday as crude prices jumped on Middle East supply concerns.

Carlyle’s Jeff Currie said reserve flows may add only about 2 million barrels per day, compared with disruptions of nearly 18 million barrels per day.

Battalion Oil is set to issue 485,000 shares of its common stock to acquire 7,090 net acres of oil and gas assets in Texas.

Crude whipsawed as Brent and WTI surged on supply fears before reversing after Trump’s remarks and talk of strategic reserve releases.