With 2016 drawing near, commodities investors should temper expectations for a legitimate oil rebound next year. In fact, some analysts see more downside ahead for crude. [Leveraged ETFs Are Popular Plays Among Swing Traders]

Large integrated oil companies are expected to hold up better than drilling stocks as these giants have both upstream exploration and production, along with downstream refining operations. Moreover, oil majors have tightened their belts, reducing costs by laying off thousands of workers and halted many new projects.

Investors will also be keeping a close eye on dividends, especially with oil prices at $30 per barrel. Oil CEOs have pledged to maintain their dividends, but with oil prices dipping to 13-year lows, traders are growing skittish.

United States Oil Fund