Are oil prices going to go up further this year

[vgane]

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

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

 

[yesmohan]

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.