Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stabilizing energy markets, but prices remain near 18-year lows as the coronavirus shutdown destroys demand.
Brent crude was up by 19 cents, or 0.8per cent, at US$22.95 a barrel by 0051 GMT, after closing at US$22.76 in the previous session, the lowest close since November 2002.U.S. crude was up by 59 cents, or 2.9per cent, at US$20.68 a barrel, after settling down at US$20.09, the lowest close since February 2002.
U.S. President Donald Trump and Russian President Vladimir Putin agreed during a phone call on Monday to have their top energy officials discuss stabilizing oil markets, the Kremlin said on Monday.
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Source: The Straits Times - 🏆 8. / 63 Read more »