BBC News | Oil price jumps on Russian and Saudi agreement BBC News The price of oil has jumped by about 3% after Russia and Saudi Arabia reached an agreement to look for ways to stabilise the oil market. The announcement was made by the countries' energy ministers, Alexander Novak and Khalid al-Falih. The price of ... Saudi Arabia, Russia agree to 'historic' oil market cooperation MarketsOil rises 4% on reports of Saudi-Russia G20 statement Oil pares gains after Saudi, Russia sign pact |