By Geoffrey Smith
Investing.com -- Brent crude oil futures surged to an intraday high on reports that Saudi Arabia and Russia have agreed in principle on a deal to cut their production.
By 10:35 AM ET (1435 GMT), Brent was up 8.8% at $35.72 a barrel, having earlier touched a high of $36.12. U.S. crude futures were up 11.4% at $27.95.