Oil prices surged on Friday, as the World Health Organization came out against travel and trade restrictions in declaring a global emergency over the spread of the Wuhan coronavirus. Also, Saudi Arabia reportedly has opened a discussion about moving an upcoming OPEC+ output policy meeting to early February from March following the recent slide in oil prices. No final decision over the new date of the meeting has been made so far. At around 05:20 AM GMT, US crude soared 2% to $53.18 a barrel. Brent crude, the global benchmark, jumped 1.8% to $58.34 a barrel, after falling 2.5% the previous session. For the week, US crude was down 1.9%, while Brent dropped 2.5%.
