Oil prices rose Tuesday after positive remarks on the supply and demand balance from the Saudi Arabian energy minister on Monday. The March contract for global crude benchmark Brent gained 1.16% to $56.51, while its U.S. counterpart, West Texas Intermediate, was up 1.2% to $52.98 for February deliveries. Crude prices strengthened overnight after Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting…