Crude oil prices rose Tuesday morning, trimming steep recent losses amid hopes for stimulus from China.
WTI crude oil was up 34 cents at $29.77 a barrel, rebounding from Monday’s 12-year low near $28.
China’s government said the nation’s economic growth rate eased to 6.8% for the fourth quarter and 6.9% for 2015.
Beijing is expected to offer stimulus as the economic growth was the slowest in many years.
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