Crude oil for December delivery on the New York Mercantile Exchange was 0.5% higher in London. The December Brent crude contract traded on London ICE Futures Exchange at $59.45 a barrel, up 40 cents.

Gold for immediate delivery fell $1.80, or 0.3%, to $623.90 an ounce in London. Prices dropped 1.5% in the previous two sessions.

Currencies

The euro was up slightly against the U.S. dollar Tuesday ahead of a key forecast on German economic sentiment and lower-than-expected inflation. The euro bought $1.2829, up from $1.2810 late Monday in New York. Among other currencies, the British pound fell to $1.8987 from $1.9013 while the dollar was down slightly to purchase 117.85 Japanese yen from 118.12 yen.