After settling for a second straight day below $60, light crude was moving upward on Tuesday. Benchmark crude for delivery in August rose 87 cents to $60.56 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped 20 cents on Monday to settle at $59.69. The price of a barrel of crude fell on Monday despite an uptick in the markets and a weakening dollar. But reports Tuesday about economic growth in Asia have fueled the small crude rebound, with particular hopes about a Chinese economic rebound leading the way. In oil stock news, many of the majors finished Monday in positive territory. Exxon Mobil ( XOM) finished up 0.9%, or 58 cents, at $65.70. At the closing bell, Chevron ( CVX) and ConocoPhillips ( COP) were up 1.7% and 2.3%, respectively. In the oil services realm, Schlumberger ( SLB) and BJ Services ( BJS) both gained on the day, finishing up 1% and 3.5%, respectively. The Amex Oil Index also gained 2.1% on Monday.