UPDATE 1-Russia reviewing volatility in energy markets
- Country:
- Russian Federation
Moscow is closely watching the situation on the global oil market, Kremlin spokesman Dmitry Peskov told reporters on a conference call on Wednesday.
"There is certainly volatility but the market is the market," Peskov said.
Oil prices lost 7 per cent on Tuesday amid worries about growing supplies and faltering demand.
Benchmark Brent crude regained some ground on Wednesday on prospects that OPEC and non-OPEC producers will agree to cut output at a meeting next month.
(With inputs from agencies.)
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