10-01-2017 05:31 via uk.news.yahoo.com

Oil recovers some previous losses, but doubts over supply cuts linger

By Henning Gloystein SINGAPORE (Reuters) - Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight recovery from big losses the previous day over doubts the agreed reductions would rebalance an oversupplied market. Brent crude futures , the international benchmark for oil prices, were trading at $55.14 per barrel at 0426 GMT, up 20 cents from their last close. U.S. West Texas Intermediate (WTI) crude oil futures were tr
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