Based on this weekly chart it seems like $OIL as a sector is due and about to break out for a resurgence. I would wait until the 1.0 Fib retracement is broken to the upside and then ride it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.