Oil prices climb on US output concerns, potential crude inventory drop

Oil prices rose on Tuesday due to U.S. output concerns after Hurricane Francine and expectations of lower U.S. crude stockpiles. Brent crude futures increased by 0.5% to $73.11 a barrel, while U.S. crude futures climbed by 0.8% to $70.62 a barrel, despite Chinese demand concerns and the upcoming Federal Reserve interest rate decision.