In the past few weeks, the price of oil and subsequently, energy penny stocks, have both skyrocketed. With WTI and Brent Crude up by over 4.5% and 3.1% during today’s trading respectively, there is a lot for investors to consider here. And because of that, it’s worth taking a look at what effect it will have on penny stocks and why.
Only a few weeks ago, we saw news that U.S. inflation hit its highest number in almost forty years. This in combination with the rising price of oil shows that we are in a very volatile stock market right now. For that reason, understanding how to make money with penny stocks and take advantage of the current situation is crucial. Considering this, let’s take a look at three energy penny stocks to watch in March 2022.
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