12 Mar 2020
Should we invest in an Oil ETF to take advantage of the market now? If yes, how?
I'm interested in taking advantage of the market but am not sure how I should do it. Any suggestions?
Should we buy into the oil indexes/ETFs now given that the US and OPEC+ are really cutting down on production?
That's the billion dollar question isn't it! Sadly predicting the price (especially on a short term basis) for any underlying, especially something that can get whipsawed by a number of macro factors like Oil is basically impossible.
Some of the main factors are play on the demand side, or lack there of, is the electrification/use of LPG/LNG for the purposes of transportation while also a surge of supply given the shale boom in the US. Personally find there to be more value in the shipping of oil sector.
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