With oil prices having already lost roughly 20% year to date, a Thursday rebound didn’t come as a surprise, but that doesn’t mean prices have bottomed out.

“Prices will be low for some time due to supply overhang and [a] soft demand story,” said Rob Haworth, senior investment strategist for U.S. Bank Wealth Management. “The real low in prices seems more likely to occur with a ‘whimper’ than a ‘bang’.”

But realizing when that bottom comes is important.

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