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Is the Global Oil Downtrend an Investment Opportunity?

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The global oil downtrend seen in April 2020 was unprecedented. Several records were shattered, including alltime price lows, with some contracts actually going into the negative. The catastrophe in oil markets was caused due to various factors, the most prominent of which is the coronavirus pandemic, which brought demand to a near standstill. However, as is often the case during such bearish trends, some traders and investors see this as an opportunity, rather than a crisis.