Oil prices continued to rise on Tuesday. The market is interested in concerns about American production after Hurricane Francine and the forecasts of lower crude inventories in the United States

Brent oil futures for November rose 16 cents, or 0.2% to $72.91 per barrel at 0120 GMT. U.S. crude futures for October rose 34 cents, or 0.5 percent, to $70.43 per barrel. Both contracts rose in the previous session as the continued impact of Hurricane Francine on production in the American Gulf of Mexico countered Chinese demand concerns ahead of the US Federal Reserve's interest rate cut decision this week, which should prove positive for oil investor sentiment. According to the U.S. Bureau of Safety and Environment (BSEE), more than 12% of crude production and 16% of natural gas production in the Gulf of Mexico were out of service