Were your energy investments impacted by Coronavirus market crashes in March? If so, you may be entitled to financial restitution. Contact a respected stock loss lawyer to discuss your legal options.
The Saudi Arabia and Russia price conflict over oil market shares had a dramatic impact on the U.S. and its investors. As if that wasn’t bad enough, the novel Coronavirus, or COVID-19, also sent the Dow plummeting nearly 3,000 points on March 16, 2020. This was one of the worst drops on record, and because of that, investors lost considerably.
If you lost money on energy investments, it’s possible that you could recover these losses depending on the circumstances of your case. A stock loss lawyer at Wolper Law Firm, P.A. can take a closer look to determine what legal options may be available to you during this difficult time.
Read on to learn more about the relevance of the Saudi-Russia oil price war and what you can do about its impact on your investment portfolio.
Saudi Arabia-Russia Oil Price War: What You Need to Know as an Investor
Saudi Arabia and Russia have worked together in recent years to limit the production of oil. When the Coronavirus struck globally, the demand for oil significantly decreased. Due to this decline, the Saudi nation wanted to cut the production even further to keep the oil prices stable. However, Russia disagreed and wanted to increase production.
Saudi Arabia decided to flood the market with crude oil at a rate of 2.6 million barrels per day. How does this impact the U.S.? The U.S. produces shale oil, which is much more expensive to produce than crude oil. At a rate of approximately $30 per barrel as opposed to crude oil barrels going for $2.80 per barrel, it’s easy to see how investors in the U.S. market have lost money as a result of these low oil prices.
How to Recoup Your Energy Investment Losses After Coronavirus
The market fluctuation in and of itself is not enough to seek repayment for the losses you may have endured. However, if your financial advisor failed to diversify your accounts and concentrated them into energy investments that have suffered, you may be able to pursue a FINRA arbitration claim or other legal action against your advisor.
Your stock loss lawyer can take an in-depth look into the details of your accounts to determine whether your broker was negligent in the handling of your investment portfolio. If so, you may have the opportunity to obtain full recovery of these energy investment losses impacted by Coronavirus.
Get Help from a Stock Loss Lawyer
If your energy investments were impacted by Coronavirus and your stockbroker failed to protect you, you may be able to recover these losses. Contact a qualified stock loss lawyer at Wolper Law Firm, P.A. to learn more. Schedule a confidential consultation when you complete the convenient contact form below or call at 800.931.8452.