Oil prices are decreasing amid concerns over slow demand recovery
On 27 May 2020 (07:54, Moscow time), Brent Crude Oil futures price fell by 0.17% to $36.11 per barrel, Light (WTI) for June delivery climbed by 0.32% to $34.24 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.