Oil in trouble?

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From the picture above, you can see there are thousands of oil tankers filled to capacity wait gbti be taken but not taken.
Oil has been hard hit since Covid-19 came calling with its unpleasant stench leaving millions dead around the world.

Oil which is the mainstay of many economies, has been the hardest hit with the world practically indoors and not using their cars, airplanes, motorcycle etc.
It is getting scary with Covid-19 but kind of good for the environment with less pollution going around.

Last week, the WTI futures crashed below zero for the first time and it sent panic all over the world.
It looked like the end of the world.
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What will happen with these oil being stored in containers with no one using them? Is this the end of oil?



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