Told you it was #fakenews US crude surges 2.2%, settling at...

Told you it was #fakenews

US crude surges 2.2%, settling at $68.21, on signs OPEC's output caps may survive

• Brent crude oil climbed above $77 a barrel on Wednesday, supported by expectations major oil producers will keep output caps in place.
• Saudi Arabia, other OPEC states and non-OPEC allies aim to stick to a global pact on cutting oil supplies until the end of 2018, a Gulf sources told Reuters.

https://www.cnbc.com/2018/05/29/oil-markets-worries-over-growing-supplies-in-focus.html