Russia’s EnergyMin Novak: May need to discuss freezing oil prices if oil prices decline

Russia’s energy minister Novak crossed the wires now, commenting on oil output freeze in wake of oil price declines.

Key Quotes:

May need to discuss freezing oil prices if oil prices decline

No grounds for discussions on oil output freeze

Both crude benchmarks are seen trading +0.70% higher, with US oil around $ 42 and Brent rises above $ 44.50.