Oil prices jumps around one per cent a barrel

Oil prices today jumped around one per cent a barrel due to expectations that falling prices may lead to production cuts Steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions also pushed crude prices up. Brent crude prices, in intra day trade, were trading around 57 dollars per barrel. WTI prices were at around 52 dollars and 20 cents per barrel when reports last came in.