Comments by Kremlin spokesperson, Dmitry Peskov
- Cannot stabilise oil market without all major producers
- Russia backs joint, coordinated action to steady oil market
- Says that a deal can hardly happen without other countries joining
The headline comment is encouraging but all the cards are still on the table now as we look towards the meeting later at 1400 GMT. That is the main highlight in the market today as we continue to wait with bated breath at the moment.
Oil continues to sit higher on the day, now at $26.60 up by 6% currently.
