Quote from: RealMalatesta on Today at 07:07:12 AM

The prices will probably not rebound that well at all, not just any time soon but never. We are at the break of a new dawn where oil is not needed as much as it used to, there are still ways that oil could be used but that is getting smaller and smaller, one day we will no longer need it at all. That is why I could understand why the price may never rebound. Definitely with the inflation and all when a gum is worth over a dollar, the price of oil will be where it was one day, maybe in a decade maybe longer but at the same time we are talking about other stuff taking its place.

I feel like maybe the oil price could be 20 bucks at max because at this point that is what it deserves, even if the lockdown is lifted there won't be all that much purchase for a long time.

There are chances that after pandemic is over oil will break the ceiling and will come back as trading leader.
I hope it will not happen and we'll slowly forget what oil is and will be all about renewable energy sources, but its hardly believable