Oil prices rose over 1 percent on Tuesday, shrugging off a slump in China’s manufacturing sector that stirred fears of slowing demand growth, with markets instead focusing on a fall in U.S. and OPEC output that might tighten an otherwise bloated market. U.S. crude futures were trading at $34.22 per barrel at 0739 GMT, up 47 cents from their last settlement. Prices are up 30 percent from Feb. 11, when the contract dropped to an intra-day low of $26.05 a barrel, the lowest since 2003. ANZ bank said that a break above $34 would “add to the view for some that the bottom in the crude oil market is now in place”. International benchmark Brent crude futures were up 40 cents […]