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Are oil prices going to go up further this year

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With a 80% jump in prices this year are oil prices going to cross USD 50 per barrel soon?

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Here are five things to watch that could dictate the next move in the price of Brent crude, currently trading near $49 a barrel, and US benchmark West Texas Intermediate which is more than $48.

https://www.weforum.org/agenda/2016...al&utm_source=twitter.com&utm_campaign=buffer
 
When the oil prices crashed down in the past, the Govt. of India did not pass on the total benefit to the general consumer public; but retained major portion with the coffer.
So also when the prices sore up in future, GOI would absorb a major portion of the increase, from its coffer.
 
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