WTI & Brent haver reversed Thursday's...........>

OIL: WTI & Brent haver reversed Thursday's marginal losses and more in

Asia-Pacific hours on Friday, following a positive lead from Wall St., with the

space seemingly clinging to hope surrounding a WSJ piece that suggested that the

U.S. administration is discussing a rollback of the Chinese tariffs, despite the

subsequent denial from the Tsy in late NY hours.

- The major benchmarks trade around $0.60 higher apiece at writing.

- Thursday saw the release of OPEC's December oil report, with the cartel's

production falling by 751K b/d, lower than the touted 800K, which weighed on

prices ahead of NY trade.

- Also worth noting that OPEC is set to hold its "normal" meeting in Vienna in

June, in addition to the extraordinary meeting ion Baku in April.