More than a month ago, as the oil price started, I published an article titled “If You Regretted Not Investing More In 2008, Invest In Oil Now”. I didn’t predict the carnage that would come from COVID-19 or the Saudi Arabia - Russia price war, something which drove down oil prices dramatically. However, I continued to recommend the message, and the Vanguard Energy ETF (NYSEARCA: VDE) has already rebounded ~50% from its late-March 52-week lows.
Uncertainty remains about the potential for a significant OPEC+ production cut. However, as we’ll discuss in this