In the past two Oil collapse, price bottomed out at around 76% from the top. Two days ago, price reached 76% decline as crude oil may contracts went negative. For those who argue that this collapse is different, we know for sure that eventually people will start to drive again and demand will return. Therefore, weather or not this is the bottom will solely depend on when the economy will reopen. If the answer is this summer (which I believe it is), it is most likely that we have set a bottom and price should begin to recover soon.