Although I have yet to see this confirmed, it looks like the biggest oil exporters including Saudi Arabia and Russia have agreed a 10% cut in oil output in the light of a heavy fall in demand.
I think this should help to stem the heavy falls in recent weeks. Whether or not oil prices recover remains to be seen.
See https://www.ft.com/content/5ad12d12-d662-4e5b-88c8-6836dd1fb29a
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