White House Economic Adviser Larry Kudlow said the collapse in oil prices will be temporary.

Kudlow's statements come a day after the continued collapse of US crude prices, in which contracts for delivery in May fell to minus $ 37, before returning and closing on Tuesday, achieving a gain of 124%, and ended the session at $ 10.01.

US oil contracts ended June delivery at $ 11.57 a barrel, down 43%.

And US crude achieved the largest amount of futures trading in history with more than two million contracts, and American crude recorded the lowest level of contracts due for the second month since February 1999.