Brent futures grew by 1.37%, WTI - by 0.55%
On 16 April 2020, Brent Crude Oil futures price grew by 1.37% to $28.07 per barrel, Light (WTI) – by 0.55% to $19.98 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.