Prices of Brent crude and WTI have turned positive, with both gaining around 1% as U.S. regional banks rallied on help from big banks, and as battered Credit Suisse was offered a $54-billion lifeline from the Swiss National Bank. Oil prices also gained some currency to climb back from near 15-month lows after reports emerged that Saudi Arabia and Russia have met to discuss market stability.
At 2:53 p.m. EST on Wednesday, Brent crude was trading at $74.50, up 1.10%, while WTI was up 0.83% at $68.17. The market has also been watching to see…Oil Gains Slightly As Saudi And Russian Officials Meet
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