40-50 Dollar Oil Price Expectations

40-50 Dollar Oil Price Expectations

One of Britain's wealthiest businessmen said he expects an oil price of $ 40-50 when the coronavirus ends. One of the wealthiest businessmen in the UK said on Tuesday that oil prices will remain low until the coronavirus reduces its impact on the world and global economic conditions begin to stabilize again. US crude oil fell 25% the day before, trading at $ 11.11 a barrel, down 13%, or $ 1.67. International benchmark Brent traded at $ 19.11 per barrel, down 4.4%. Gopichand Hinduja, co-chairman of the Hinduja Group holding Group, said: "I don't have oil price consumption and I don't think the position will change as there is no landfill." said. Hinduja Group operates in various sectors such as banking, finance, automotive, petroleum, and specialty chemicals. Hinduja and his brother Srichand are among the wealthiest businessmen in the UK.