Oil surges almost 4 percent on trade truce, expected supply cuts

December 3, 2018 admin Business News Comments Off on Oil surges almost 4 percent on trade truce, expected supply cuts

Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply.

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Source:: Reuters – Business News