The oil producers “had” been flooding the market. Saudi Arabi, over the last couple of OPEC meetings or so, has been putting a stop to that because it was finally starting to hurt them enough.
Yes, after COVID dies down, it could further increase oil demand even more.
Yep, the time to buy/own something is when its been beaten down, hated/unloved for a while. Agreed. When those wave 3’s really get going on our oil-related positions, it will be awesome.