TRACKING THE GOLD AND SILVER INVESTMENT COMMUNITY, WORLDWIDE - AN UNOFFICIAL EDITING OF RELATED INVESTMENT COMMENTARY
Monday, November 2, 2020
Oil Market Rolling Over Into Bear Market, Worst Case Scenario For Oil Income Investors Playing Out?
Oil prices are rolling over (again) as many Eu countries go into a 2nd round of lock downs. Demand for gasoline, jet fuel, plastics and other petroleum products has not returned to anywhere near pre-pandemic levels so it was predictable that oil prices might roll over again back into a bear market and income investors relying in dividends or distributions (from MLPs) throughout the oil value chain might be hurt badly if oil prices roller over from the $40 trading range since early June.
