Oil collapsed last week

Oil prices dropped severely last week after Russia rejected OPEC's offer to reduce production.
US crude oil lost nearly 3 percent of its value, a similar decrease was also noted with the price of the Brent.
In May, OPEC, along with Russia, decided to continue its production cuts by the first quarter of next year.
A little later, however, it became clear that the OPEC countries did not stick to the agreement reached.
Obviously, Russia's response to the proposal has come precisely as a result of non-compliance with OPEC members' restrictions.
Many market experts comment that the depreciation of oil may recover after its last increase from the last week and again see a test at its lowest levels.