U.S. oil futures jumped by more than 25% on Thursday as President Donald Trump tweeted that Saudi Arabia's Crown Prince Mohammed bin Salman spoke to Russian President Vladimir Putin and Trump expects the two major oil producers to announce a production cut of "approximately 10 Million Barrels." May West Texas Intermediate oil clk20 rose $5.48, or 27%, to trade at $25.78 a barrel on the New York Mercantile Exchange. Global benchmark June Brent crude uk:brnm20 traded at $27.67 a barrel, up $2.93, or nearly 12%.