Global crude oil prices reported a strong bearish trend in the quarter after witnessing an increase in Q3FY20. A sharp reduction in oil demand owing to Covid-19 outbreak coupled with a disagreement between Opec and Russia regarding reduction in oil output resulted in a sharp drop in crude oil prices. As a result, Brent crude oil prices on a closing basis declined by US$44.9/bbl QoQ to US$21.5/bbl at the end of Q4FY20. Similarly, average Brent crude oil prices also declined by US$12/bbl QoQ to US$50.6/bbl....