Published August 22, 2017 2:45pm EDT | Updated August 22, 2017 3:03pm EDT

Oil Settles Higher As Analysts Forecast a Weekly Decline In U.S. Crude Supplies

Oil prices settled higher Tuesday, getting a lift from expectations that U.S. government data set for release Wednesday will show an eighth weekly decline in a row for crude stockpiles. September West Texas Intermediate crude rose 27 cents, or 0.6%, to settle at $47.64 a barrel on the New York Mercantile Exchange on the contract's expiration day. The new front-month October contract tacked on 30 cents, or 0.6%, to settle at $47.83.