Oil rises as lower output tightens market, outweighs weak China data

01 March 2016, Singapore — Oil prices rose over 1 percent on Tuesday, shrugging off a slump in China’s manufacturing sector that stirred fears of slowing demand growth, with markets instead focusing on a fall in U.S. and OPEC output that might tighten an otherwise bloated market. U.S. crude futures were trading at $34.22 per […] More »