Oil prices rose by 1.85%-1.91%

Oil prices are rising in response to reduction of the US reserves

On 21 May 2020 (08:03, Moscow time), Brent Crude Oil futures price climbed by 1.85% to $36.41 per barrel, Light (WTI) for June delivery climbed by 1.91% to $34.12 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.