Oil rises 2 percent on supply cuts but global slowdown looms

15 January 2019, News Wires — 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. Brent was up $1.13 or 1.92 percent at $60.12 per barrel by 1410 GMT. U.S. … More »