Outbreak Sparks Crash in Oil

Daily Profit with Ian Wyatt

Ian Wyatt is the President of Wyatt Investment Research. He has been helping regular investors uncover hidden growth opportunities by beating the market and finding great investments at attractive prices. Ian has been actively investing in the stock market for the past 30 years. He's also spent more than 20 years publishing his investment ideas online to help fellow investors benefit from his successes and failures.

Ian Wyatt is also the host of the Daily Profit Podcast.

In this episode…

As effects of the COVID-19 crisis continue to persist in the US and throughout the world, the plunge in oil prices doesn't go unnoticed. There has been a lot of downward movement in oil stocks for the last couple of months and this is expected to continue for the next little while, or at least, until the health crisis that the world is in comes to an end.

In light of this, some investors have been buying oil and energy stocks in anticipation of good returns. However, Ian Wyatt suggests heeding caution in buying stocks in these sectors because while some stocks are expected to bounce back, there are those who won’t be as lucky and would probably end up filing for bankruptcy. So what should you, as an investor, research on to ensure that your money gets to the right places?

In this episode of the Daily Profit Show, Ian Wyatt talks about how the COVD-19 pandemic has impacted the oil and energy sector and how the future looks like for these sectors. He dives deep into the fluctuation of prices in crude over the past months, why these changes are beyond the control of the Federal Reserve and the US government, and how the continuing downward slope can affect the US economy despite it being energy independent. Stay tuned.