Although recessionary fears have heightened market volatility, the oil industry is anticipated to benefit. Soaring demand for oil and gas on the backs of the reopening of the Chinese economy could push oil prices up in the upcoming months. Moreover, geopolitical tension-induced constrained supplies could result in higher oil prices as well.
Given this backdrop, let us take a look at some cheap energy stocks, W&T Offshore, Inc. (WTI), Berry Corporation (BRY), and Obsidian Energy Ltd. (OBE), which seem to have significant upside potential for the reason mentioned in this article.
