April WTI oil futures rose 1.07% to $ 47.28 per barrel.

Futures for Brent crude for May delivery rose 1.23% to $ 51.76 per barrel.

On March 4, a meeting of the OPEC + Monitoring Committee was held in Vienna.

Russian Energy Minister Alexander Novak said that OPEC + is studying the impact of a decrease in economic activity due to coronavirus on the oil market, it is possible that the market reaction may just be a panic.