Oil is a tricky topic because instincts telling me (GUESSING here) that while oil will get a pop from the OPEC production cut, additional demand destruction will pull prices down further, probably even below $60/bbl during this economic recession/depression. However, I’m not willing to put off oil stock purchases hoping for that price level.
$60 dollar oil means civl unrest in many of the petrostates. They will respond. Say hello to economic warfare.
