The West Texas Intermediate for October delivery added 3.38 U.S. dollars, or 3.7 percent, to settle at 93.74 dollars a barrel on the New York Mercantile Exchange. Brent crude for October delivery increased 3.74 dollars, or 3.9 percent, to close at 100.22 dollars a barrel on the London ICE Futures Exchange.
The U.S. Energy Information Administration (EIA) is set to release its weekly petroleum status report on Wednesday. Analysts surveyed by S&P Global Commodity Insights forecast the EIA publication to show a decline of 3.2 million barrels U.S. crude inventories for the week ending Aug. 19.
On Monday, oil prices fell modestly, weighed by strength in the U.S. dollar.
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