“Very, very close” to a deal on oil production cuts, that’s how Kirill Dimitriev, CEO of Russia’s sovereign wealth fund RDIF, presented the current situation between Russia and Saudi Arabia. Fueled by expectations of an agreement, US oil prices soared 25% on Thursday and continued to advance Friday, recovering a small part of the massive plunge seen over the past months. The Oil ETF segment on TrackInsight was up by 13,65% at the market close on Friday, April 3rd. Despite a catastrophic year-to-date performance (-52,61%), this segment has registered an impressive series of inflows over the same period. Investors poured more than $ 7bn of new assets in the 16 ETFs of this segment in 2020 through the primary market. Oil ETFs represent $ 7,6 Bn of assets under management.