mo4ch:>Oil recovers from decades' lows as Russia & US agree energy talks | Mo4ch News

The price of crude rebounded on Tuesday from an 18-year low after Russian President Vladimir Putin and his US counterpart Donald Trump have agreed talks to stabilize energy markets.International benchmark Brent rose 1.5 percent to $23.15 per barrel, as of 08:06 GMT. US West Texas Intermediate (WTI) was up six percent at $21.19 a barrel. Both Brent and the WTI closed the previous session at their lowest levels since 2002.According to the Kremlin, Trump and Putin agreed during a phone call on Monday to have their top energy officials discuss stabilizing oil markets."Oil prices are clawing back from a near 18-year low on hopes that oversupply concerns may finally see some relief," senior market analyst at broker OANDA, Edward Moya told Reuters. "Much of the focus has fallen on a key call between the Presidents of the United States and Russia."Also on rt.comOil price drops to 18-year low on crashing global demandThe oil industry has been hurt by the largest demand drop…