Oil markets torn between Saudi led supply cuts, rising output elsewhere

By Henning Gloystein SINGAPORE (Reuters) - Oil markets on Tuesday were torn between production cuts by major exporters Saudi Arabia and Russia and reports that supplies from other regions including North America, Iraq, and Iran could offset any restraint aimed at curbing a global glut. Prices for Brent crude futures , the international benchmark for oil prices, were trading at $54.99 per barrel at 0136 GMT, up 5 cents from their last close. U.S. West Texas Intermediate (WTI) crude oil futures we