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)