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2020 May 6   09:54

Oil prices declined by 0.1-0.3%

Oil prices are slightly down amid information about US reserves

On 6 May 2020 (07:54, Moscow time), Brent Crude Oil futures price fell by 0.19% to $30.91 per barrel, Light (WTI) for June delivery fell by 0.33% to $24.49 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 their output earlier.

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