US President Donald Trump said yesterday (13th) local time ordered to buy strategic reserves.

International oil prices, which had plunged into the so-called 'oil price war', have turned to skyrocketing.

"I ordered the Secretary of Energy to buy large quantities of US strategic reserves at a very good price," he said at a press conference that declared a state of emergency in relation to the Coronavirus Infection-19 (Corona19) incident.

Then he added, "I will fill it as much as possible."

This means that the international oil price has plunged in the midst of the production cutback between Saudi Arabia and Russia.

At the same time, it is interpreted as having paved the way to raise international oil prices again through active purchase of crude oil.

It can also be interpreted that President Trump has counterattacked Russia through a strategic reserve card.

Some are interpreting whether Russia has driven the oil price plunging against further cuts in order to break down the US shale oil industry, which is relatively expensive to mine.

As the US policy to purchase stockpiles spread, international oil prices surged to 8% during the week.

The London ICE Futures Exchange Brent Oil for May delivery is trading at $ 35.23, up 6.05% ($ 2.01) per barrel as of 4:30 PM.

New York Commercial Exchange (NYMEX) 's April West Texas Crude Oil (WTI), which closed slightly at a 0.7% rise, also increased to 5-6% in overtime trading.