The price of Brent crude — the international oil benchmark — rose 7 per cent to over $30 per barrel, continuing its rebound from Thursday.
Crude prices have plunged in recent weeks on fears over the economic impact of coronavirus and a price war between large producers Saudi Arabia and Russia.
The unprecedented clash between the two giant exporters — and former OPEC+ allies — threatens to push the price of a barrel below $20, but the Kremlin won’t be the first to blink and seek a truce, said people familiar with the government’s position.
