Crude jumps 5% as Trump talks of truce between Russia and Saudi Arabia

Expectations US shale producers could come under pressure to cut production due to low prices also provides some support

Hopes of a truce: US President Donald Trump expects Saudi Arabia and Russia to work out a deal
Hopes of a truce: US President Donald Trump expects Saudi Arabia and Russia to work out a dealPhoto: AFP/SCANPIX
Published 2 April 2020, 03:02Updated 2 April 2020, 03:02