WASHINGTON/MOSCOW (Reuters) – U.S and Russian energy officials held rare talks about oil after crude prices crashed to levels last seen about two decades ago, while President Donald Trump said oil that was cheaper “than water” was hurting the industry.

FILE PHOTO: U.S. Secretary of Energy Dan Brouillette speaks with journalists during a roundtable in Rio de Janeiro, Brazil February 2, 2020. REUTERS/Pilar Olivares

Oil prices LCOc1 fell nearly 70% from January highs as lockdowns due to the coronavirus hammered demand and as Saudi Arabia and Russia have flooded the market in a race for market share after a deal they engineered on supply curbs broke down.

U.S. Energy Secretary Dan Brouillette spoke with his Russian counterpart Alexander Novak about the price slump and they agreed

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