Get paid $22 AND get a barrel of oil!Submitted by E2E Financial, LLC - Andres M. Romero ChFC, CFP® on April 28th, 2020
It has been a crazy 2020 for the investment markets. When you thought you’d seen it all, the crude oil markets say… "Hold my beer…." On Monday April 20 th , there was a moment where you would’ve been paid to take a barrel of oil. The price of a barrel of oil ended up settling at $17.13 per barrel at week’s end.
I did get some calls last week about investing in oil. Oil is a commodity and can be part of an long-term investment allocation. We, at E2E, have generally excluded commodities due to their long term under performance and wild price fluctuation. (April 20, 2020 being Exhibit A)