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Signs that Saudi Arabia and Russia may end an oil feud sent prices up more than 20% on Wednesday, the biggest one-day leap on record. US President Donald Trump said he expected the two sides to cut supply, while Saudi Arabia called for an emergency meeting of oil producers. The Russian energy minister also said his country may re-enter talks. A deal to cut production - in response to the drop in demand from coronavirus shutdowns - collapsed last month. Since then, the cost of crude has fallen to lows not seen for almost two decades as Russia and Saudi Arabia slashed prices and ramped up production in a fight for market share. Those moves, alongside the wider collapse in demand, have caused US oil to its worst quarter on record. Prices fell by two thirds in the first three months of the year, rocking the American energy sector. The international benchmark, Brent crude, rose 21% to finish at $29.94 a barrel and the price of US oil, known as West Texas Intermediate (WTI), jumped almost 25% to $25.32. Both were record gains. A cut of 10 million barrels per day would amount to about 10% of global output//BBC