Golden opportunity in oil coming...The market is simply re-testing the Oct 10th low this always happens...But a floor is coming to stablize the price of oil... bet on it!
Longer term every project that's stopped, every well that doesn't get drilled, will ultimately plant the seed for a huge spike in
oil 
in the future and oil shortage. Markets never learn...they go to far (at first) every time then come back to a reasonable level...and it will happen again because we are dealing with fear and greed.
If you have a time horizon of at least a year ...maybe less... and any spare cash, use it ...and don't worry about the whipsawing you'll see in the market going forward...market bottoms always look this way.
Speaking from seeing this a few times before. And we saw 7.12 just a few days ago ...we will see that price again and way higher. ..no question.
Cheers