Brent stays above 90bbl level reached last week
POLLU.S. crude inventories likely fell last week
API data on U.S. crude stocks due at 2030 GMT

LONDON, Sept 12 Reuters Oil prices rose about 1 on Tuesday, boosted by a tighter supply outlook, while investors awaited macroeconomic data that could indicate whether interest rates will rise further in the United States and Europe.

November Brent crude futures rose 67 cents, or 0.7, to 91.31 a barrel at 0949 GMT, while U.S. West Texas Intermediate crude futures for October firmed by 76 cents, or 0.9, to 88.05.

Brent breached 90 a barrel last week for the first time in 10 months after Saudi Arabia and Russia announced they would extend voluntary supply cuts of a combined 1.3 million barrels per day bpd until the end of the year.

There is little doubt that the oil industry feels a collective rally risk with a perception of, and actual tightening in parts of oil flow, PVM Oil analyst John Evans said.

The Organization of the Petroleum Exporting Countries OPEC will release it39;s monthly oil market report later today, followed by a report by the International Energy Agency on Wednesday. Both reports include widely used forecasts on the outlook of oil market supply and demand fundamentals.

In Libya, a deadly storm led the OPEC member to shut four of its eastern oil export terminals on Saturday.

Meanwhile, August U.S. consumer price index data, due for release on Wednesday, is expected to give some hints on the direction of…