Crude oil prices were higher Tuesday despite expectations that global supplies will continue to outpace demand.
U.S. crude oil inventories data is due over the coming days.
The API (American Petroleum Institute) will publish the weekly crude oil inventory report this afternoon. Last week, crude oil stocks rose by 4.1 MMbbls, the industry watcher said.
Meanwhile, Russia is said to be ramping up production despite low prices in order to keep its market share.
Light, sweet crude futures for delivery in December were up 15 cents at $46.29 a barrel.
The Commerce Department is due to release its factory orders report for September at 10 am ET. Economists expect a 0.9 percent month-over-month drop in factory orders.
The material has been provided by InstaForex Company – www.instaforex.com