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BNO - Oil: Why You Should Be Very Bullish In 2021 And Beyond
United States Brent Oil Fund LP ETV
Co-produced with Trapping Value
In Part 1 of this series, we detailed how COVID-19 was impacting the oil markets from a demand standpoint. We also started looking at where the capex cycle was headed and why every projection on the supply side we heard so far was overly optimistic. In this part, we will go over some more supply side developments and also break down timeline for a price recovery.
Negative Oil Prices?
One thing that was incredibly amusing was watching predictions of an endless period of negative oil prices. Sure, certain contracts can