Oil futures are on the rise after a recent fall
On 15 April 2020, Brent Crude Oil futures price grew by 1.22% to $29.96 per barrel, Light (WTI) – by 1.94% to $20.5 per barrel.
On 12 April 2020, OPEC+ approved new oil output cut by 9.7 million bpd in May-June, 7.7 million bpd in the second half and 5.8 million bpd by May 2022.