Oil edges above $62 as OPEC cuts counter growth concerns - Reuters:
Oil edged further above $62 a barrel on Tuesday as firmer equities and expectations OPEC and its allies will keep withholding supply countered concern about slowing economies and demand.
Russia said on Monday it might support an extension of OPEC-led supply cuts that have been in place since January, while equities rose after China eased financing rules to stem an economic downturn, giving oil a lift.
Brent crude, the global benchmark, rose 9 cents to $62.38 a barrel at 1013 GMT. U.S. West Texas Intermediate was up 38 cents at $53.64.
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