Oil prices reversed earlier losses to trade higher on Friday, extending a record $5 surge the day before. Earlier in the session, oil prices fell amid doubts whether Saudi Arabia and Russia could agree in a major oil production cut. President Trump did not specify whether the slash of 10-15 million barrels will be per day which would be a huge and unlikely cut while the US made no offer to reduce its own production. The US crude was up to $25.7 a barrel and the Brent crude traded around $31.5 a barrel.
