The West Texas Intermediate for November delivery climbed 63 cents to settle at 41.46 U.S. dollars a barrel on the New York Mercantile Exchange, on its expiration day. The more active December contract rose 64 cents to 41.70 dollars a barrel.
Brent crude for December delivery increased 54 cents to 43.16 dollars a barrel on the London ICE Futures Exchange.
The moves came as market participants expect a weekly decline in U.S. crude stocks.
The U.S. Energy Information Administration (EIA) is scheduled to release the nation's weekly crude inventories data on Wednesday. Analysts polled by S&P Global Platts expect the EIA to report a fall of 1.9 million barrels in U.S. crude supplies for the week ending Oct. 16.
On Monday, oil prices settled lower amid demand concerns.
Latest comments