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The statement signed by Russia and Saudi Arabia is crucial for the situation on the oil market, a representative of the investment community told reporters. The source added the countries are interested in stabilization of oil prices at a higher level and it is a signal for the market participants.
"These are the two major powers (in oil production - TASS) and few expected that they would be able to agree on a joint approach. This is a historic event, a breakthrough on the oil market, indicating that the market players are interested in stabilization of prices at higher levels," he said.