IEA sees China driving global demand growth
Saudi ups Asian flagship price for first time in 6 months
Turkish terminal closed after earthquake

Feb 7 Reuters Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey.

Brent crude futures were up 1.74, or 2.15, to 82.73 per barrel by 0804 GMT, while West Texas Intermediate U.S. crude futures rose 1.70, or 2.29, to 75.81 per barrel.

Crude prices are rising on expectations that China39;s recovery will take hold and on supply outages from the earthquake that devastated Turkey, said Edward Moya, analyst at OANDA.

The International Energy Agency IEA expects half of this year39;s global oil demand growth to come from China, the agency39;s chief said on Sunday, adding that jet fuel demand was surging.

Saudi Arabia, the world39;s top oil exporter, raised prices for its flagship crude for Asian buyers for the first time in six months amid expectations of demand recovery, especially from China.

Operations at Turkey39;s 1 million barrel per day bpd oil export terminal in Ceyhan were halted after a major earthquake hit the region. The BTC terminal, which exports Azeri crude oil to international markets, will be closed on Feb. 68.

Daniel Hynes, senior commodity strategist at ANZ bank in Sydney, also pointed to the shutdown of the 535,000bpd Phase 1 part of the…