How To Play The Selloff In Oil And Gas Stocks

After finishing the week as the worst performing sector amid growing recession fears, the energy sector has been paring back losses with WTI crude up 1.7% to $79.79/barrel while Brent has added 1.3% to trade at $87.42/barrel in Wednesday’s intraday session. Risk averse sentiment also hit U.S. natural gas futures, with the front-month October contract falling nearly 10% over the past week to trade at $6.54/MMBtu. Oil prices are a long way off their mid-June peak, when Brent traded at $129/bbl. Since those peaks, stocks of companies that are…