Singapore — Oil futures jumped more than $1 a barrel on Thursday, recovering half of the nearly 5% losses in the previous session, on expectations that lower prices may lead to production cuts.
Brent crude had rebounded to $57.75 a barrel, up $1.52, or 2.7%, from its last close by 4.01am GMT, while US West Texas Intermediate (WTI) crude futures jumped $1.51, or 2.96%, to $52.60 a barrel...
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