Oil prices rose on Tuesday after Saudi Arabia said it had cut production in July, though concerns over a slowdown in global economic growth kept a lid on markets. Benchmark Brent crude oil LCOc1 was up 50 cents at $73.11 a barrel by 0855 GMT. U.S. light crude CLc1 gained 55 cents to $67.75. Saudi Arabia told the Organization of the Petroleum Exporting Countries that it had reduced crude output by 200,000 barrels per day (bpd) to 10.29 million bpd in July. OPEC itself, using secondary sources, estimated in a report published on Monday that Saudi production was at a slightly higher level of 10.39 million bpd last month. But both figures suggest the kingdom, de facto leader […]