Look at biggest oil moving shipping cos?
Based on what little I know, I'd say that after this coronavirus crisis is done, we will never ever again see oil this cheap in our entire lives.
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I think "normal" oil prices with US shale long term will be $65-70, give or take. But any time there's a large demand shock like during a recession it can still drop hard. Oil is tricky because if supply > demand for too long, storage fills up and they give the stuff away.
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Did you read Lt3000's shale piece? I don't think US shale prices will stay low based on it.
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