Oil prices rose on Tuesday as investors expect U.S. sanctions on Venezuela and production cuts led by OPEC and its allies to head off any glut, but data showing a decline in U.S. factory orders weighed on the market. The supply optimism helped U.S. West Texas Intermediate (WTI) and Brent crude reach 2019 highs on Monday. WTI futures were up 46 cents, or 0.84 percent, at $55.02 per barrel by 0940 GMT. They touched their highest level in more than two months at $55.75 the previous day. International Brent crude futures were up 33 cents, or 0.53 percent, at $62.84 a barrel, down from a high of $63.63. Trading proceeded at lower volumes in parts of East Asia due to the Lunar New […]