Investor Losses from Oil and Energy Stocks
Morgan & Morgan’s securities attorneys are investigating losses in oil and energy investments, including losses in the United States Oil Fund LP.
Oil prices have crashed to multi-decade lows amidst drastically reduced demand during the COVID-19 pandemic. The most heavily traded crude contracts recently fell to their lowest level in over 20 years. And one futures contract for U.S crude fell into negative territory for the first time ever – meaning that sellers had to pay buyers to take barrels. Oil companies simply can’t shut their wells quickly enough to deal with the reduced demand, and the world is running out of places to store oil.
Energy producers like Royal Dutch Shell PLC and BP PLC have collectively lost hundreds of billions of dollars in market value this year.
The oil crash has also led to losses for investors in oil ETFs and other oil and energy-related products. For example, the United States Oil Fund LP has lost almost 80% this year. Other oil funds and limited partnerships have suffered huge losses as well. Many of these oil-related investments are not suitable for individual investors because they are too risky and volatile.
Investors also may have experienced substantial losses if their investments were over-concentrated in energy stocks and other energy products.
If you have suffered losses in oil or energy investments, we are here to help. Contact us at 888.251.2668 today to speak with an experienced securities attorney at Morgan & Morgan’s Business Trial Group.
The Business Trial Group at Morgan & Morgan helps investors recover their losses on a contingency basis. We are only paid if we successfully recover money for you. We aggressively fight for justice against brokerage firms, investment advisory firms, and banks. We have helped investors recover tens of millions of dollars of investment losses.
The Business Trial Group is part of the largest contingency law firm in the nation, with more than 700 lawyers and offices across the country.