Published on 27 Sep 2021 on Entrepreneur via Yahoo Finance
Energy Penny Stocks Are Exploding, Here’s 3 You Need to Know
Are These Energy Penny Stocks on Your Watchlist Right Now?
Energy penny stocks are heating up today. While some big gains occur without news, there are a few reasons for the bullish sentiment around energy stocks right now. With the pandemic beginning to slow in many places around the world, demand for oil and gas is once again rising. This is the result of higher rates of travel, people returning to work, and so on.
As a result, Brent crude was up around 94 cents at the end of last week, with U.S. oil approaching $75 at the same time. All of this indicates that there is high demand, and lower than needed supply. And if we use basic economic principles, we see that this is driving the price up. Because of this, there are plenty of penny stocks that are benefitting right now.