Oil prices are going up

On 23 April 2020, Brent Crude Oil futures price grew by 14.8% to $22.24 per barrel, Light (WTI) for June delivery grew by 9.89% to $15.14 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.