Crude oil prices may rise due to the lockdown

Own report: - Lockdown system is going to be relaxed in several countries of Europe and Asia including India. Which is why everything from vehicles to airlines is optimistic about the resumption. It is expected that the price of crude oil will rise again as soon as the traffic resumes.

A study by RBC Capital Markets found that most parts of the United States were allowed to start operating.

The United States, along with Italy, Nigeria, India, and Spain, has also relaxed lockdowns in a number of states, allowing workers to return to work.

A spokesman for Capital LLC said: "People no longer want to be in lockdown. As soon as the lockdown goes up, people will be able to get out of the house and breathe a sigh of relief. Which will result in huge amounts of crude oil consumption.

There is a possibility that the price of crude oil will be 43 per barrel by the end of 2020, but the price of crude oil may increase to ৫ 55 per barrel by the middle of 2021, experts said.

However, worldwide airline service is expected to begin soon, which will lead to a resumption of demand for fuel oil, and fuel prices will remain the same.