Oil Penny Stocks a complete list of the top oil penny stocks today trading on NYSE, NASDAQ, and AMEX. These oil and gas penny stocks are trading under $5 per share and sorted by the biggest gain of the day.
There are hardly any oil stocks under $1 trading on the regular stock exchanges, so we will include any oil stock trading under $5 on this list.
Oil penny stocks are the small cap oil companies in the oil industry where the main products involve oil and gas. However, there are companies that provide services to the oil industry such as oil exploration, extraction, refining, transportation, storage, and marketing. Some of these companies are trading at a low stock price or as a penny stock.
How to Trade Oil Penny Stocks
Oil penny stocks are volatile in nature and because of COVID-19 pandemic in 2020, the demand for oil has fallen sharply. With fewer people traveling and more people staying at home for holidays, the oil price has declined.
The main factor that drives oil stock price is supply and demand. Because it is hard to predict the price for oil, I don't invest in oil stocks for the long term.
In the short term, however, oil penny stocks can be traded just like any other penny stocks.
Oil penny stocks follow similar chart patterns where one can study the charts of an oil penny stock and try to predict where the stock price is going in the short term.
Following are some resources to help you learn how to swing trade oil penny stocks.
Step by Step Guide to Penny Stocks TradingHow to Trade Penny Stocks
Oil Stocks Under $1
Following is a list of oil and gas stocks under $1 that are listed on the OTC market or as pink sheet stock.
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