US oil price surges on China trade deal hopes

Prices also get boost from data showing drop in number of working rigs

China action: US President Trump announces new policy for Hong Kong — China action: US President Trump announces new policy for Hong KongPhoto: REUTERS/SCANPIX

Caroline Evans

Houston

USA China Donald Trump Permian Hong Kong

Published 29 May 2020, 22:31Updated 30 May 2020, 12:14