Oil prices jump more than 3% on U.S.-China tariff reductions

Oil prices rose more than 3 per cent on Monday after the U.S. and China said they would ease some of their tariff measures, raising hopes of an end to the trade war between the world’s two largest consumers of crude oil. Brent crude futures climbed $2.03, or 3.18 per cent, to $65.94 a barrel by…