It didn't do anything for decades. What makes you believe crude oil will pop back up now? Barring a supply disruption, I believe it'll be quite a long time (full of brief, range-bound trades) as the entire sector defaults and consolidates. After all, it is an enormous sector.
You will note that when there's a spike in crude oil, recessions tend to follow. We have a paper here on the site which examined this phenomenon. Just something I felt worth pointing out. You never know when we'll see a large spike down the road. Keep this in mind when you do.
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