EghtesadOnline: Oil prices rose more than 1% on Tuesday after the main US energy forecasting agency predicted shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.

EghtesadOnline: While oil is rebounding from its biggest weekly decline in two years, gains are still being limited by concern over a resurgence in U.S. shale output.