LONDON (Reuters) – Oil prices rose around 2 percent on Tuesday amid production cuts by OPEC and Russia as well as signs of lower U.S. oil stocks, but grim Chinese economic data raised fears for global growth.
FILE PHOTO: A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File Photo
Brent LCOc1 was up $1.13 or 1.92 percent at $60.12 per barrel by 1410 GMT.
U.S. crude CLc1 was