7 Oversold Energy Stocks to Buy Now With energy prices down from their multi-year highs, bullishness for stocks in the space has cooled recently. Shares that spiked in tandem with soaring crude oil and natural gas prices have pulled back. That said, there is a silver lining. Right now, there are plenty of oversold energy stocks out there. Why? Growing concern about falling demand due to a global recession may be starting to counter the factors that drove energy prices higher. For instance, Russia’s invasion of Ukraine. Even so, that’s not to say prices are set to fall back to levels last seen at the start of 2022. Per the latest short-term energy outlook from the U.S. Energy Information Administration (EIA), crude oil prices are projected to remain elevated compared to prior-year levels through 2023 . Natural gas prices could pull back next year, yet stay above late 2010s|pandemic-era levels. 7 Cryptos That Are Presenting ‘Sell-Into-Strength’ Opportunities This all points to oil and gas companies continuing to report strong results.