Oil rose for a second session as the US started seeking crude to refill its depleted strategic reserves, although China’s economic recovery showed more signs of cooling. West Texas Intermediate futures edged toward $72 a barrel after closing 1.5% higher on Monday. The US is seeking bids for as much as 3 million barrels of sour crude for its Strategic Petroleum Reserve, with deliveries planned for August and awards to be announced in June, the Energy Department said. China’s consumer spending and industrial activity grew at a slower pace than expected in April, adding to signs the recovery in the world’s ... (full story)