Can Oil Stocks Bounce Back in 2021

There is no way to sugar-coat things. 2020 was a miserable year for the oil market. Crude oil prices are on track to drop more than 20% year over year, although that doesn't even tell the story considering that at one point in the year oil prices fell into negative territory. The biggest weight in the oil market in 2020 was demand, which fell off a cliff due to the COVID-19 outbreak.

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