The price of crude oil fell to $14.47 per barrel - a 21-year low - on 19 April. The next day, it briefly turned negative because of a glut in the global energy market and a paucity of storage capacity in the US.
The collapse in oil prices can be attributed to a slump in demand, hammered by pandemic induced lockdowns across major economies.
Some investors may want to take advantage of these historic low prices by investing in thematic or sector funds focusing on energy.
We explain the details and limitations of such a strategy. A handful of sector and thematic funds focus on energy with no scheme focusing exclusively on oil and gas.