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Oil Market Rolling Over Into Bear Market, Worst Case Scenario For Oil Income Investors Playing Out?

Demand for gasoline, jet fuel, plastics and other petroleum products has not returned to anywhere near pre-pandemic levels, so it…

by Jason Burack of Wall St For Main St

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.

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