Oil surges 5 percent on trade truce, expected supply cuts

December 3, 2018 admin Business News Comments Off on Oil surges 5 percent on trade truce, expected supply cuts

Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to cut supply.

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Source:: Reuters – Business News