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CRAK - Energy: From Production Cuts To Alternative Opportunities
VanEck Vectors Oil Refiners
Video Transcript
West Texas Intermediary crude oil prices fell below $0 per barrel on April 20th - a clear indication that inventories have reached their max. With June 2020 oil contracts trading above $20 per barrel, it would seem that, for now, oil markets are operating on the same type of rolling, month-by-month timeline as the rest of the broader economy. As more certainty is established on both supply and demand over the next several months, prices could conceivable rebound just as dramatically as they have declined. Until then, we believe those companies with solid