Oil rises from 18-year lows after US, Russia agree to talks
Oil recovered ground on Tuesday after US President Donald Trump and Russian President Vladimir Putin agreed to talks to stabilise energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide.
Brent crude was up by 30 cents, or 1.3 per cent, at $23.06 a barrel by 0635 G5MT, after closing on Monday at $22.76, its lowest finish since November 2002.
US crude was up by $1.21, or 6.0 per cent, at $21.30 a barrel, after settling in the earlier session at $20.09, lowest since February 2002.
