Oil price hit down due to the extended lockdown, we still don't know when the pandemic will be resolved so countries are hesitating to stock the crude oil because more longer they store then the more expensive they will face and also some countries are in need of funds for a medical emergency which left the oil untouched so prices went down too much.
I honestly hope this could lead countries to use more of renewable energy instead if such unreliable resource like oil.
In couple decades when oil will be gone - those countries who were smart enough will have enough energy (like Australia for instance)
Electric cars were already on the road by the year 2030 it is rare to find a car powered by fuel but now we relied on oils so the price will hit up when the lockdown back into normal.Countries who adopt to solar and other renewable energies sooner will get more advantage of making the expenses more cheaper and can provide the source to their people more cheaper as well.