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Oil surges as Donald Trump talks up hopes for truce in Saudi-Russia price war

Updated : April 02, 2020 08:36 AM IST

Brent crude LCOc1 futures rose 4 percent, or $1, to $25.74 as of 0118 GMT, after touching a high of $25.89.
US crude stockpiles rose 13.8 million barrels in their biggest weekly increase since 2016.
Trump said at a news conference the oil industry had been “ravaged”, with oil prices having plummeted to 18-year lows.
Oil surges as Donald Trump talks up hopes for truce in Saudi-Russia price war

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