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Oil price rebounds on hopes Saudi Arabia and Russia will reach deal

2020-04-02 20:15:05| Guardian Unlimited Business - more business news

Brent crude trades at over $30 a barrel for first time in almost a month on Trump interventionGlobal oil prices rebounded to more than $30 a barrel for the first time in almost a month on Thursday after Saudi Arabia and Russia signalled a possible truce in a price war that has triggered the fastest oil market collapse in decades.The price of Brent crude leapt by 30% after the US president, Donald Trump, fanned hopes of a new deal between Riyadh and Moscow to help stabilise the oil market. Continue reading...

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