Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles.

Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles.

By 1315 GMT, Brent crude futures for November rose by $1.40, or 1.96%, reaching $73.01 a barrel. Meanwhile, U.S. crude futures for October climbed by $1.60, or 2.33%, to $70.25 per barrel.