Oil prices are rising amid expectation of supply and demand balance restoration
On 26 May 2020 (08:03, Moscow time), Brent Crude Oil futures price climbed by 1.97% to $36.23 per barrel, Light (WTI) for June delivery climbed by 3.43% to $34.4 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.