The price of Brent crude oil increased by more than 6%, inform the data of the auction. as of 06: 14 GMT the Cost of June futures for North sea petroleum mix was up 6, 02%, to 26, 23 dollars per barrel. May futures price for WTI - 4, 87%, 21 to 30 dollar. Since early March, oil prices have dropped by almost half due to slowing market demand in the background of the pandemic coronavirus, as well as the exhaustion of the OPEC agreements . The sixth of March of participating countries of the Commonwealth have not agreed to change the contract parameters, to extend it also did not work. Russia insisted on the preservation of existing conditions, and Saudi Arabia is intended to further reduce the development. In the end, With the first of April were lifted limits on oil production in the countries of the former Commonwealth. After the failure of negotiations, OPEC media began to write about the start of a price war manufacturers. At the same time Saudi Arabia has officially announced the build-up of supplies to 12, 3 million barrels per day, which is 300 thousand barrels per day above its production capacity. To reach this target Riyadh could from the inventory. Press Secretary of the President Dmitry Peskov declared that the Russian Federation and Saudi Arabia are waging price wars, however, there is an adverse global economic situation. <span style="color:darkgray