Oil surges on U.S.-China trade war ceasefire, expected supply cuts

December 3, 2018 admin Business News Comments Off on Oil surges on U.S.-China trade war ceasefire, expected supply cuts

Oil prices soared by more than 4 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.

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Source:: Reuters – Business News