Basic economics is the supply and demand
curve. The United States is at war with other countries for catching up on oil
supply, so the constant need for production even during pandemic times leads to a surplus. The demand curve for oil
though is at one of its lowest, given we need to literally all stay home. This leads me to believe that the huge price crash was time related, and extremely indicative of a panic sale. Take what I am saying as an opinion and not face value (as always), but my advice is that there is huge potential for a positive correlation wave or bullish
price increases after the demand curve stabilizes. This could be a week or two, or maybe even few month, but this is an extremely short futures
trading strategy given you could conservatively potentially see a doubling in the futures
price with medium risk. Again, just a hypothetical, but I would keep a close watch on oil futures
and indexes. Please don't take what I say seriously or sound i.e. hypothetical risk disclosure, but this gives you something to think about.