Its extremely unlikely for the fundamentals to change anytime soon as there is no real demand in the market. Everyone has filled their inventory with oil and dont need to buy more so the prices are going to stay low for a few months. Even with opec implementing the cuts we cant expect a high oil price in near future.

5 comments

ADIGUN SUNDAY
It might not be so soon but in the next few months the oil demand will boom back.
Selvan
How to buy oil and which platform
Selvan
How to make use of this situation
Selvan
How to make use of this situation
you can't. it went negative and most exchanges have closed oil for trading as a security measure.
Selvan
Thanks Linorth.