This is the second day of high prices for a barrel of oil! The reason? Proximity to a new round of negotiations between Russia and OPEC (Organization of Petroleum Exporting Countries), scheduled for next week.

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As of today's afternoon, the traded value of a WTI barrel was US$ 28,65, which represents an increase of 13%. Brent oil was trading at US$34,70, up 16%.

The new meeting between the oil exporting countries and the Russians will take place on April 06, next Monday, virtually.

During this week, Donald Trump, president of the United States, even mentioned in a social network that Saudi Arabia (leader of OPEC) and Russia would cut the supply of oil by up to 10 million barrels per day, at least. However, the information was not confirmed by any of those involved.

If true, a deal between Saudi Arabia and Russia means, in practice, a recovery in oil prices, which have suffered so much in recent days. Since both tightened relations and broke their production cuts agreement, the barrel has suffered a severe devaluation, falling from US$ 50 (beginning) to US$ 20 (end of last month).