They spoke highly of the joint work in the OPEC Plus format aimed at ensuring the stability of the global oil market.

During the telephone conversation, bilateral relations between the two countries and ways of enhancing them in all fields in a way that achieves the interests of the two countries and their friendly peoples were discussed.

Brent settled up $2.92, or 2.68%, at $111.70 a barrel, WTI closed $2.70 or 2.59% higher at $106.95 a barrel.

U.S. Rig Count is up 4 from last week to 693, Canada Rig Count is down 8 from last week to 103.

Brent were down $1.14, or 1.1%, at $107.64 a barrel, WTI were off $1.32, or 1.3%, at $102.93 a barrel.

The price of OPEC basket of thirteen crudes stood at $106.07 a barrel on Wednesday

U.S. commercial crude oil inventories increased by 9.4 million barrels to 421.8 million barrels.

Brent rose by 48 cents, or 0.5%, to $105.12 a barrel, WTI gained 28 cents, or 0.3%, to $100.88.

The price of OPEC basket of thirteen crudes stood at $102.41 a barrel on Tuesday

For 2022, world oil demand growth is revised down by 0.5 mb/d to stand at 3.7 mb/d, mostly reflecting the downward revision in world economic growth. Oil demand growth is forecast at 1.9 mb/d in the OECD and 1.8 mb/d in the non-OECD.

The Brent price will average $108/b in 2Q22 and $102/b in the second half of 2022 (2H22).

Brent were up $2.98 or 3.03% to $101.46 a barrel, WTI was up $3 or 3.18% to $97.29 a barrel.

Russia's invasion has driven up the price of the oil, gas and grain it exports, providing it with a substantial windfall to fund its "special military operation" - now entering a new phase as Moscow focuses on the eastern Donbas region after failing to break Ukraine's defence of the capital Kyiv.

Brent was down $2.08, or 2%, at $100.70 a barrel, WTI lost $2.19, or 2.2%, to $96.07.

The price of OPEC basket of thirteen crudes stood at $100.12 a barrel