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guys Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have reportedly expressed satisfaction with oil markets following a phone call over the weekend which is sure to raise eyebrows in Washington ing to reports from Russian State media Putin and MBS had a friendly and constructive conversation on Friday in the wake of opecs production cuts of about 1.2 million barrels per day with Russia chipping in with a half million BPD of its own the leaders agreed to build up contacts in specific areas of cooperation ing to a statement from the Kremlin following months of sagging oil prices which were partly due to Russias invasion of Ukraine and multiple bank failures in the U.S and Europe oil prices have jumped about five percent on the news of the OPEC cut and have since stabilized in the 80 range the OPEC basket a posted price that doesnt trade was going for about 84. this is good news for Putin who is relying on oil Revenue to fund his War efforts in Eastern Euro