Economy: Oil prices rise on supply cuts, but global slowdown looms

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Economy: Oil prices rise on supply cuts, but global slowdown looms

Economy: Oil prices rise on supply cuts, but global slowdown looms: Oil prices rose on Tuesday amid supply cuts by producer club, OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand. Brent crude oil futures LCOc1 were at $59.47 per barrel at 0950 GMT, up 48 cents, or 0.81 percent from their last close.

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