Investing.com - Oil prices edged higher on Tuesday as falling U.S. and OPEC production tightened an oversupplied market
U.S. government data on Monday showed crude output fell in December for a third straight month
Supply from OPEC has also declined, falling by 280,000 barrels per day in February to 32.37 million
But weak economic data out of China and the prospect of slowing oil demand growth continued to weigh on prices
China’s factory activity shrank to five-month lows in February, adding to fears over the demand outlook from the world's second-largest oil consumer