LONDON (SHARECAST) - Crude oil futures rose on Tuesday as the dollar slumped to a one year low against the euro and ahead of expectations of a decline in weekly stockpile inventory. Analysts expect weekly government data to show a fall in stockpiles again last week, amid lower imports. Crude oil for October delivery rose $1.84 to $71.55 a barrel on the New York Mercantile Exchange after Monday’s $2.33 drop. The October contract expired at the end of Tuesday’s session. A positive session on Wall Street also underpinned demand for the black stuff following Monday’s losses. Demand for oil was also boosted by comments by from Saudi Arabian Oil Minister Ali al-Naimi in an interview with Reuters who said demand for oil was on the up and there were signs of economic growth. Among precious metals gold for December delivery rose $10.60 to settle at $1,015.50 an ounce as the dollar turned lower. The greenback had started the week on strong footing but worries about the outcome of the Federal Reserve two-day meeting kept the dollar lower. December silver rose 23.5 cents to $17.115 an ounce and December copper rose 5.9 cents to $2.8645 a pound.

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