Crude oil prices rose in European trade on Tuesday, clawing back some ground after steep overnight declines , but the persistent glut in global markets is likely to keep prices under pressure. The overnight selloff in oil prices was much sharper than in other commodities, almost rivaling the price decline in the aftermath of OPEC’s decision to not intervene in oil markets last year. Nymex crude lost 7.7% on Monday, its largest one-day dollar and percentage decline since Feb. 4, while Brent crude lost 6.3%, its largest one-day dollar decline since Nov. 27, data showed. On Tuesday, light, sweet crude futures on the New York Mercantile Exchange for delivery in August traded at $52.92 a barrel at 0352 GMT, up $0.39 in the Globex electronic session. August Brent crude on London’s ICE Futures exchange rose $0.52 to $57.06 a barrel. Worries over Greek debt and Iranian nuclear talks were […]