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International oil prices, which have not been able to keep falling for a while, have skyrocketed overnight. This is because the possibility of negotiations has been raised between Russia and Saudi Arabia, which are fighting for oil prices. US President Trump has been intervening between the two countries as oil prices have plummeted.

Reporter Kim Yong-cheol reports.

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At the New York Mercantile Exchange, crude oil from West Texas for delivery in May finished trading at $ 25 per barrel, up $ 5 per barrel, to $ 25.

It is the highest rate of increase in history.

The London futures exchange's Brent also rose more than 20%.

International oil prices have also risen by over 30% during the week.

The mention of US President Donald Trump, who suggested the possibility of a reduction agreement between Saudi and Russia, served as a catalyst.

"I just talked to the Saudi prince who spoke to President Putin and talked to him," Trump said on Twitter. "We expect and hope to cut 10 million barrels," he said.

Trump stressed that the cut could reach 15 million barrels.

International oil prices have recently plummeted as the demand for crude oil following the Corona 19 crisis plummeted and the oil price war between Russia and Saudi Arabia overlapped.

Russia and Saudi Arabia failed to reach an agreement to cut crude oil last month, and started a “oil price war” through price cuts and forecasts.

Crude oil and Brent oil futures from West Texas also hit a low of 18 years on the 30th of last month.