Oil prices were mixed on Friday as news of President Donald Trump’s plans to ease the U.S. coronavirus lockdown to get the American economy moving again were quickly overshadowed by China’s worst quarterly economic contraction on record.

 The extent of the U.S. crude decline was attributable to the imminent expiry of the May contract, on April 21, and fast-filling crude storage. The more active June contract was up 29 cents, or 1.1%.

The hobbling of China’s economy, meanwhile, was highlighted by data showing that GDP shrank 6.8% year on year in the first three months of this year, the first such decline since quarterly records began in 1992. That data was released after President Trump laid out a three-stage process for ending U.S. lockdowns. Both oil benchmarks are heading for a second consecutive week of losses, with U.S. oil prices around 18-year lows.

China’s daily crude oil throughput in March sank to a 15-month low, with state refiners maintaining deep output cuts, but there are some signs of recovery as the country begins to ease coronavirus containment measures.