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Can Horizon Oil (ASX:HZN) Ride the Oil Rally as ASX Small-Cap Energy Awakens?

Highlights A sharp overnight move in crude has rippled through the smaller end of the Australian energy sector, where leverage to the oil price is amplified. Micro-cap producers carry concentrated asset risk, meaning a single field outage can matter more than the commodity price itself. Liquidity remains the defining constraint at the lower end of the market, with wide spreads exaggerating moves in both directions. The overnight surge in crude prices extended well beyond Australia's major energ...