Choked by weak demand due to the coronavirus and oversupply
due to the rivalry between Saudi Arabia and Russia, oil shot up on Thursday
when Donald Trump announced a possible deal between the two countries, later
cooled by the Kremlin.
"I just spoke to my friend MBS (Mohamed bin Salman,
crown prince) of Saudi Arabia, who has spoken to the (Russian, Vladimir) Putin
president," the US president tweeted.
And implying that they had reached an agreement to end the
price war, he stated: "I hope they will reduce their production by around
ten million barrels, perhaps much more".
"It could even go as high as 15 million barrels. Good
(excellent) news for everyone! ”, He added.
Immediately, in the London market, the North Sea barrel of
Brent for delivery in June shot up 35% on the close of Wednesday, and the same
rose in New York the barrel of WTI for delivery in May.
However, the White House tenant did not give details on
these figures and, above all, the Kremlin denied that there had been such a
conversation between the Russian president and the Saudi crown prince. And he
assured that "at the moment" it was not foreseen.
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