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Oil jumps on expectations producers may cut supply after 4% slump

Updated : August 08, 2019 01:44 PM IST

Oil futures jumped more than $1 a barrel on Thursday, recovering half of the nearly 5 percent losses in the previous session.
Brent crude had rebounded to $57.81 a barrel, up $1.58, or 2.81 percent, from its last close by 0634 GMT.
U.S. West Texas Intermediate (WTI) crude futures jumped $1.61, or 3.15 percent, to $52.70 a barrel.

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