Analysts say oil demand is still low
On 29 May 2020 (08:09, Moscow time), Brent Crude Oil futures price fell by 1.03% to $35.65 per barrel, Light (WTI) for June delivery fell by 1.57% to $33.18 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.