Oil prices may be more resilient than expected in the event of a recession due to strong fundamentals.

The ultra-low valuations for high quality oil and gas up and midstream company could offer additional potential downside protection.

The significant decrease in oil prices can be primarily attributed to the widespread panic and looming possibility of a financial crisis in the banking system. The recent drop in price appears to be driven by sentimental factors rather than fundamental ones. Unlike equity, the movement of commodity prices is a result of changes in the balance between th…