Whether you’re new to trading or you’re looking for a new challenge, penny stocks can be worthwhile investment opportunities. Oil penny stocks can give you high returns, but they come with their share of challenges. Before getting started trading oil penny stocks, read up on what they are, the returns they provide, and some of the stocks to watch. What Are Oil Penny Stocks? Image via Flickr by joncutrer As you might suspect, oil penny stocks are the stocks of small gas and oil industry companies. Though their name implies differently, penny stocks don’t have to cost an actual penny….