Oil surges 3 percent on trade truce, expected supply cuts

03 December 2018, News Wires — Oil prices jumped by more than 3 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. Brent crude futures rose $1.86, or 3.1 … More »