US oil stocks fell by 1.8 million barrels

The American Petroleum Institute said that crude oil inventories fell by 1.8 million barrels in the week ending September 30th.

In its weekly report, the American Institute stated that gasoline stocks fell by 3.5 million barrels last week, and distillate stocks fell by 4.1 million barrels.

On Wednesday, the US Energy Information Administration is scheduled to release official data on inventories, with crude stocks expected to rise by 1.7 million barrels.

And oil prices rose at the settlement of trading on Tuesday, as Brent crude futures for December delivery rose 3.3% to record $91.80 a barrel, and US West Texas crude for November delivery rose 3.5 percent to $86.52.