"rebound" or "back to where they belong"
These are wishful thinking styled forecasts.
The prices may stay low for an unknown period of time. Or drop further somewhat. Or else start slowly climbing up again.
Think what if electric
cars step in then the oil game
will be an all new game
. You cannot have a nuclear reactor in a car, can you. You cannot step into any country and take out their government
or king. But you can keep prices low and have the citizens of an oil price
reliant country take out their politics and kings with their bare hands. Big money
. Big politics.
That's why I would not play oil futures right now. Still, I would hedge, if my business margins relied on oil prices.