Oil prices are rising in expectation of the demand growth
On 18 May 2020 (07:59, Moscow time), Brent Crude Oil futures price climbed by 3.35% to $33.59 per barrel, Light (WTI) for June delivery climbed by 4.17% to $30.75 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.