Oil Rebounds From 18-year Lows After US, Russia Agree to Talks

Oil Rebounds From 18-year Lows After US, Russia Agree to Talks
The field centre of the Johan Sverdrup oil field in the North Sea west of Stavanger, Norway, on Jan.7, 2020. Carina Johansen /NTB Scanpix/AFP via Getty Images
|Updated:
SEOUL, South Korea—Oil recovered ground on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks to stabilize energy markets, with benchmarks climbing off 18-year lows hit as the CCP virus outbreak cut fuel demand worldwide.

Brent crude was up by 43 cents, or 1.9 percent, at $23.19 a barrel by 0406 GMT, after closing on Monday at $22.76, its lowest finish since November 2002.