Oil prices extend gains, Brent near $117

Oil prices rose on Tuesday on expectations of stronger demand and lower supplies from major world producers. 

French President Emanuel Macron told his US counterpart Joe Biden that the communicated with UAE government and Saudi governments, and both are at their upper limits of production. 

Initial US data will be released on US crude inventories later today for last week. 

It's possible that official US inventory data won't be released due to technical errors. 

US crude stocks due in August rose 1.4% to $111.1 a barrel, while Brent August futures rose 1.5% to $116.8 a barrel.