CNBC | Oil jumps 2% on expectations of production cuts CNBC Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply. International Brent crude oil futures rose $1.55 or 2.5 percent to a high of $63.24 by ... Oil prices perk up on trade truce, possible OPEC decision Russia's Oil Production Dips As Possible Production Cuts Near OPEC caught between Trump and falling oil prices |