Recently a lot of my clients and subscribers have asked if there is any investment opportunity given the collapse of oil prices. Is it time to buy oil ETFs or energy companies, or is a recession imminent?
We all know the world has become chaotic, and 2020 is a year of miracles in financial markets. We have witnessed the
Unprecedented stock market crash, Unprecedented zero interest rate in the US, Unprecedented global lockdown, Unprecedented numbers of circuit breakers, And now the unprecedented negative oil price. Yes, that is not a typo. Oil prices just fell to a negative $37.63 as shown below.What the heck is going on in the world now? Let’s discuss in this article.
Why did the price of oil fall?Oil is an essential commodity which is used in our daily lives. From powering our daily transportation to
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