Inflation Corrected Prices

Oil is as Cheap as the Late 1990’s

As of 4/16/20

$20.14

U.S. Oil Crashes Below $20 On Record Demand Plunge

WTI Crude prices tumbled early on Wednesday to below $20 a barrel, after the International Energy Agency warned of a record oil demand slump this year, adding additional bearish tilt to the market which is already digesting huge U.S. inventory builds and too-little-too-late OPEC++ actions to support prices.  

DYI:  Oil and gas stocks have been hit extremely hard with a sell off of nearly 50% on average.  Panics are a great time to go bargain hunting as West Texas Intermediate price per barrel has been dipping below $20!  Yields are excellent with DYI’s favorite Vanguard’s Energy symbol VGENX currently delivering 6.42% yield while waiting for energy prices to recover.  Obviously if oil price remain low for a longer than a year then dividends will be cut back, however, prices are now cheap as shown in the above chart.

DYI