Oil surges as Trump talks up hopes for truce in Saudi-Russia price war

MELBOURNE (Reuters) - Crude oil futures jumped nearly 5% in early trading on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal in the next few days to end their oil price war.Brent crude futures rose 4%, or $1, to $25.74 as of 0118 GMT, after touching a high of $25.89.U.S. West Texas Intermediate (WTI) crude futures were up 3.7% or 75 cents, at $21.06, after hitting a high of $21.47.Trump said at a news conference the oil industry had been..