Oil prices fell amid concerns over demand decrease in China
On 22 May 2020 (08:03, Moscow time), Brent Crude Oil futures price fell by 4.02% to $34.61 per barrel, Light (WTI) for June delivery fell by 5.51% to $32.02 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.