First of all, before the outbreak, oil prices had been rising. Because the pace of life is faster than before, more and more people drive. The more people drive, the more people refuel, so now gas stations can be seen everywhere, and there are some shops waiting in line to refuel, whether in the city center or in the suburbs. Especially now, every family has at least one car, and some even have more than two cars, which should soon become a family necessity. However, since the outbreak of the epidemic at the end of last year, because people were restricted from going out, fewer people drove and there were no people who refueled. In the past, the supply of oil was in short supply, and almost no one refueled in the first half of the year, resulting in oil losses.
The whole epidemic is not just about driving and refueling. Because everyone can't get out, many planes and buses that need oil are out of service. These are the reasons for the problems, but after returning to work, not only for the oil industry, I think everyone is slowly waking up. Therefore, it is only a matter of time before returning to the previous situation. Now the government is supporting tourism in every region. As long as the epidemic is controlled, work and travel will begin to become normal. Don't worry that PetroChina won't turn a profit, so its futures are definitely worth buying and can be bought.
However, I think it is best to invest in futures properly, whether it is PetroChina or other projects, especially oil futures. I think it is actually very risky. After all, although the epidemic situation in China is now under control, it is still a bit serious abroad. There are so many uncontrollable factors that I don't think we can invest a lot of money just because we want to make money in futures. I think futures is still a long term, and it is possible to fall and rise, so we should make long-term preparations.