Oil Rises On Strong Economic Growth Signals

Oil prices rose early on Tuesday along with rallies in other commodities and equities globally, following encouraging economic reports out of the United States and China and increased forecasts for the global economy this year and next. As of 9:37 a.m. EDT on Tuesday, WTI Crude was back up above $60 a barrel, rising by 2.42 percent at $60.06, and Brent Crude was up by 2.17 percent on the day at $63.50, also helped by weakness in the U.S. dollar. The weaker dollar and strong economic news out of the world’s top oil consumer, the United States,…