It is getting to the end of the year, and the tax deadline will be here soon. Does that mean you need to sell your losers for taxes? That is what a lot of money managers seem to do. I for one am struggling with the option, as I have a so decent gains this year, despite a sizable loser that is still open. I bought some oil during the crash hoping it would bounce back up. Only problem is it hasn't really done that. I still have 2 years on the trade, but it is a 1000 loser right now, and if I don't sell I will have to pay taxes on that extra thousand. I guess though if I expect to have profits next year it really won't matter, but that could be like a extra $250 I would owe in taxes. Bah Humbug. 
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You must have bought the wrong oil product. OIL is up significantly off the lows.