Oil prices fell by 4-11% on the average

On 27 April 2020, Brent Crude Oil futures price fell by 3.79% to $23.87 per barrel, Light (WTI) for June delivery fell by 11.28% to $15.04 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. Some countries are ready to start cutting heir output earlier.