Reuters | Oil rises on supply cuts, record China demand forecast Reuters Oil prices have stayed in a range in the last month-and-a-half, with buyers encouraged by news of output cuts by major world producers but wary of past tendencies by these nations to produce more than agreed. The Organization of the Petroleum Exporting ... US crude settles at $53.01, rallying for second day on OPEC output cuts and China demand forecast Foreign oil dependency up - Ecns.cn Oil rises about 2% on supply cuts, record China demand forecast |