May futures price of WTI fell To USD per barrel, informed the auction. The cost of may futures fell not less than 90 %. Until today, the historical minimum was 9, 75 dollars per barrel. The pandemic coronavirus demand for raw materials fell to a record. The prices of petroleum products also greatly reduced because of the inability of OPEC to reach consensus on the renewal of the contract or parameters of the output reduction. afterward, in April, the parties entered into a new contract, prices began to rise. OPEC members agreed to reduce oil production in may-June on 9, 7 million barrels a day, in the future this amount will be reduced To 7, 7 million barrels. As told before, energy Minister Alexander Novak, Russia during new contract in may-June will reduce oil production by 2. 5 million barrels per day agreed upon 9, 7 million. Anyway, the new Treaty has not helped to stabilize Prices, and international energy Agency and OPEC also forecast a further record drop in demand for raw materials. <span style="color:darkgray