Oil prices rose almost 1 percent on Wednesday on hopes that Japan and China would take fiscal stimulus measures to stem an economic slowdown which has weighed on financial markets. International Brent crude oil futures were at $62.10 per barrel at 1040 GMT, up 60 cents or 0.98 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $53.48 per barrel, up 47 cents or 0.89 percent. Oil prices fell by 2 percent on Tuesday as financial markets reeled from concerns about a global economic slowdown and the heavy losses spooked investors into safe-haven assets such as government bonds or gold. A litany of poor economic data worldwide – including tumbling U.S. home sales, slumping Canadian factory sales […]