Oil rises as market weighs supply cuts against gloomy economy
Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters – Saudi Arabia and Russia – against the backdrop of an uncertain global economic outlook. Brent crude futures climbed 32 cents, or 0.42 per cent, to $75.73 a barrel by 0805 GMT. U.S. West Texas Intermediate crude was at $70.96 […]