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Brent surges more than 3 percent as China calms trade war jitters

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Oil prices rose more than $2, or over 3 percent, on Tuesday as investors grew more confident that a brewing trade dispute between the United States and China may be resolved without harming the global economy.Brent crude futures were up $2.32, or 3.4 percent, at $70.97 a barrel by 2:10 p.m. EST (1810 GMT). It was Brent's largest single-day percentage jump since November.West Texas Intermediate crude futures gained 3.3 percent, or $2.07, to $65.49 a barrel."This has been another huge day," said Bill Baruch, president of Blue Line Futures in Chicago. ...

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First Published: Wed, April 11 2018. 00:07 IST