The Kremlin on Thursday denied that President Vladimir Putin spoke to Saudi Crown Prince Mohammed bin Salman after Donald Trump made the claim on Twitter, and oil prices rocketed.
"No, there was no conversation," Putin's spokesman Dmitry Peskov told Interfax news agency, adding that "so far" there were no plans for such talks, after Trump said the Saudi crown prince had spoken to Putin and he expected them to agree on a cut in oil production.
Oil futures rocketed over 30% on Thursday after US President Donald Trump tweeted that he expected Russia and Saudi Arabia to end a price war by slashing crude output.
Brent North Sea crude soared as high as $36.29 per barrel before pairing gains to stand up almost 25% at $30.82. WTI surged to $27.39 per barrel and shortly after was 25.4% higher at $25.47.
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