CNBC | Oil surges 5 pct on trade truce, expected supply cuts - CNBC.com CNBC Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this ... Oil surges 5 percent on trade truce, expected supply cuts Qatar is quitting OPEC as politics finally rupture 58-year-old oil cartel Oil Jumps On Trump-Xi Trade Truce |