3 Oil Stocks to Sell as Crude Prices Plunge Energy shares have pared their gains in September as oil prices have cooled down. The price of Brent crude is now below $94 per barrel . Yet in early March, it had surged over $130 .Given the decline of oil prices, investors should identify a number of oil stocks to sell. The global oil market is likely to continue to be turbulent throughout the year. Investors’ fears of a global economic decline and the ongoing Covid-19 lockdowns in China — the top importer of crude oil — could be weighing on petroleum prices. Oil traders are also factoring in the negative economic impact of higher interest rates. On the other side of the equation are positive catalysts for oil prices. According to the recent short-term energy outlook of the U.S. Energy Information Administration (EIA), “the possibility of petroleum supply disruptions and slower-than-expected crude oil production growth continues to create the potential for higher oil prices.” Put another way, investors should expect more choppiness in energy prices for the rest of 2022.