That would largely depend on a number of factors but Ii don’t think the world can continue to produce oil at these prices for a very long time. One signal of a bounce is that the sharp fall in the price of Brent Crude has resulted in the widest contango on oil since the financial crisis of 2009. This contango measures the discount of the May crude futures over the November crude futures and is at $10.31. This indicates global traders and refiners are expecting the price of oil to pick up in the next 4-5 months once the Coronavirus pandemic is entirely brought under control. Most traders are looking to accumulate oil now expecting it to bounce. However, the first thing for oil to bounce is that demand should pick up from here.