Oil prices rose Tuesday, as signs of U.S. production cuts and bargain buying helped lift the market from a two-week low. Light, sweet crude for October delivery gained 59 cents, or 1.3%, to close at $44.59 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 26 cents, or 0.6%, to $46.63 a barrel on ICE Futures Europe. The U.S. Energy Information Administration said Monday that production from several important shale-oil fields is likely to fall by 80,000 barrels a day by next month. Crude oil output from the Eagle Ford shale in Texas, one of the hottest spots during the U.S. drilling boom, has dropped for seven straight months, down 17% over that time, according to ClipperData’s analysis. It was surprising that Eagle Ford has had the steepest declines, Simmons & Co. International said in a research note. Many speculators have made big bets throughout […]