Oil prices fell by $2.7-$3.1
On 1 June 2020 (07:44, Moscow time), Brent Crude Oil futures price fell by $2.7-$3.1 per barrel, Light (WTI) for June delivery fell by 3.18% to $38.34 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.
On 6 June 2020, OPEC+ agreed to extend oil-production cuts by 9.7 million bpd till the end of July.