West Texas Intermediate (WTI) crude oil futures are trading at an 18-year low as a result of the pandemic and the price war between Saudi Arabia and Russia, making a huge chunk of U.S. production unprofitable. Big conglomerates have the resources to survive the storm, but upstream players are at major risk, forced to watch income streams and profits drop precipitously. Even so, it isn't too early to bottom fish because any deal to end the price war should lift the futures contract back into the $30s.

source: Investopedia