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Oil

Will crude oil price go up in year 2020?

The Coronavirus year 2020, as we have witness the price of oil drop dramatically, and gas price at the pump average under $2 nationwide.

So the question is will oil price go up in year 2020? On March 11, 2020 “EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year”

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