Russia: Current oil market situation not in interest of Russia and US
|There is an understanding between Russia and the US that the current oil market situation is not in the interest of their countries, a Kremlin spokesman noted summarizing Russian President Putin and US President Trump's talks from Monday.
"Putin and Trump agreed that there should be a consultation on the oil market," the spokesman added declined to comment whether Putin and Trump discussed Saudi Arabia during their phone call.
Market reaction
The barrel of West Texas Intermediate (WTI), which touched a fresh daily high of $21.86 in the last hour, was last seen trading at $21.15, still adding 4.5% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.