November 14, 2018 / 10:36 AM / a month ago

Kremlin says closely watching energy markets volatility

MOSCOW, Nov 14 (Reuters) - Moscow is closely watching the situation on the global oil market, Kremlin spokesman Dmitry Peskov told reporters on a conference call on Wednesday.

“There is certainly volatility but the market is the market,” Peskov said.

Oil prices lost 7 percent on Tuesday amid worries about growing supplies and faltering demand.

Benchmark Brent crude regained some ground on Wednesday on prospects that OPEC and non-OPEC producers will agree to cut output at a meeting next month. (Reporting and writing by Andrey Kuzmin; editing by Jason Neely)

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