Russian Direct Investment Fund head Kirill Dmitriev speaking in Davos

  • The deal helped oil producers to generate $600 bn extra revenues in the past year
  • The deal has helped to unlock political and investment dialogue between Moscow and Riyadh

Some early comments from Davos, not an official comment that the deal will carry on for "years" but an optimistic point of view so to speak.

Oil prices are doing well today with Brent up by 0.59% to $69.46 while WTI is up 0.64% to $63.98 - just shy of the $64 level.