The WTI crude oil price soared 4.07% to $46.25 a barrel.
Oil price rise was caused by issuance of joint declaration by Russia and Saudi Arabia to stabilize the oil market.
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Baku. Agshin Rafigoglu - APA-Economics. Russia and Saudi Arabia have issued a joint declaration on oil market stabilization.
APA-Economics reports the document was signed by Russian energy minister Alexander Novak and Khalid A. Al-Falih is Minister of Energy, Industry and Mineral Resources of Saudi Arabia within the G20 summit.