Oil rises as Trump talks up Saudi-Russia truce, recession fears limit gains
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LONDON (Reuters) - Oil prices jumped 8% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their battle for market share but gains were capped by fears of a global recession due to the coronavirus.Benchmark Brent , which rose as much as 11% in early trade, was up 7.6% at $26.63 a barrel at 1330 GMT, while U.S. crude was up 7.8% at $21.90.Prices, which are still down 60% on the start of the year, slipped from the day's highs as data..