Oil prices rose more than 3 percent on Tuesday as data showed Chinese oil demand likely hit a record high in 2015, but contracts remained below $30 a barrel as the IEA said the market should stay oversupplied this year. Brent crude futures, the global benchmark, traded up $1.09, or 3.8 percent, at $29.64 a barrel at 1028 GMT. U.S. crude futures were up 34 cents at $29.76 a barrel, maintaining their unusual premium over Brent. “It seems to be a healthy upside correction in an otherwise downtrending market,” said Tamas Varga, oil analyst at London brokerage PVM Oil Associates. Traders said prices drew support from strong oil demand in China. Preliminary Reuters calculations based on government figures showed record oil consumption of 10.32 million barrels per day (bpd), up 2.5 percent from 2014, defying slowing […]