Brent Crude Oil futures price fell below $40 per barrel
On 25 June 2020 (09:07, Moscow time), Brent Crude Oil futures price fell by 0.99% to $39.91 per barrel, Light (WTI) for August delivery fell by 0.87% to $37.68 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.