Very Interesting. It's hard to tell what's really happening. Only the rich corporations and powerful politicians know. Rest of us are all left guessing.
Take a look at this.
http://www.theenergyreport.com/pub/na/angelos-damaskos-five-juniors-that-insulate-investors-from-todays-low-oil-prices
I might be wrong but demand of oil can never be less. The population of the world is increasing and oil (petroleum) isn't just used for driving vehicles and run factories. Carbon composites need petroleum. Hydrogen fuel cells for powering future EVs will likely be based on petroleum. Even small things like chapsticks need petroleum. Plastics are not going away anytime soon. And furthermore there have been spike in SUV sales last month. Think about how shallow minded most people are.
From what I personally believe, oil will rebound. Just like they manipulated the market to bring oil down from $110 to $45 within a couple of months, it's going to be the same story going up. But when, how, and at what cost (maybe another war) I have no idea. To me this looks like some sort of political and corporate game. If you are a novice investor, just watch for a few weeks at least on where it's headed. And then you can make decisions.