LONDON (Reuters) -- Oil rose above $41 a barrel on Tuesday after a 10% slump on Monday but showed no sign of a return to last week's bull run as global equities extended a fall on worries about the global economy and outweighed OPEC's strong compliance with supply curbs.U.S. crude was up $1.43 to $41.58 a barrel by 9:00 a.m ET after tumbling $4.61 overnight.
European shares fell on Tuesday, with a key index hitting a lifetime low as investors sold out of the banking sector and concerns about the health of the economy weighed on sentiment.
OPEC oil supply fell in February for a sixth straight month as members enforced a deal to cut output and prop up oil prices, a Reuters survey showed on Monday, but analysts expect more cuts by the producer group when it meets in Vienna on March 15.
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