Oil rises two per cent on US, China trade truce

Oil prices jumped yesterday after the United States (U.S.) and China agreed a 90-day truce in a trade dispute, Canada’s Alberta province ordered a production cut, and as exporter group Organisation of Petroleum Exporting Countries (OPEC) looked set to reduce supply. U.S. light crude oil last traded $1.31, or 2.6 per cent, higher at $52.24.…

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