China's crude oil imports from Russia rose 17.7% year on year to 7.2 million mt or 1.76 million b/d in April,

The benchmark Nikkei average advanced 2.6% to 21,271.17, its highest close since March 5,

Brent was up 6 cents, or 0.2%, at $35.19 a barrel, WTI had gained 27 cents, or 0.82%, at $33.52 a barrel.

Oil markets are being significantly disrupted due to global market dynamics and the coronavirus pandemic, the oil price crash was "causing financial and credit challenges, including oil company bankruptcies."

Germany's capital investments fell by 6.9%, private consumption by 3.2% and exports by 3.1%

Buy-now-pay-later firm Afterpay starred again as it jumped 9% to a record high and helped the benchmark S&P/ASX 200 end 2.2% higher at 5,615.6.

U.S. Rig Count is down 21 rigs from last week to 318, Canada Rig Count is down 2 rigs from last week to 21

Brent dropped $1.96, or 5.4%, to $34.10 a barrel, WTI declined by $2.41, or 7.1%, to $31.51.

China's economy shrank 6.8% in the first quarter

"When it comes to oil, there are signs that the market has tightened in recent weeks. The OPEC+ agreement, voluntary cuts outside OPEC-++, and production shut-ins are working together to start to rebalance the market. This will take time. As economies begin to open up, demand will follow, but the path to the next normal is not a straight line," Dr. Sultan Al Jaber, CEO of ADNOC Group and UAE minister of state said.

India's oil demand is reaching 60% to 70% of normal

The return on equity for energy companies and U.S. manufacturing decreased to 6% and 13%, respectively, in 2019

Last week’s filings lifted the number of people who filed claims for unemployment benefits to about 38.6 million since March 21.

The pound is in the lower band of its recent trading range, as Britain remains one of the countries hit hardest by the pandemic.

Oilfield services companies have lost approximately 49% of their market capitalization since the beginning of this year.