Oil rises 1 percent on supply cuts, but economic slowdown weighs on outlook
(WorldNews Iran)

More By Henning Gloystein SINGAPORE (Reuters) - Oil prices rose 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook capped gains. International Brent crude oil futures were at $59.64 per barrel at 0257 GMT, up 65 cents, or 1.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $51.09 per barrel, up 58 cents, or 1.2 percent. `The...