NEW YORK, July 19 (Reuters) - U.S. crude oil futures rebounded Tuesday ahead of weekly inventory data forecast to show that domestic crude inventories fell for the seventh straight time last week.
A further rise in U.S. equities after a statement from U.S. President Obama that some progress has been made on U.S. debt-ceiling talks helped extend the day's high for crude.
The euro rose further on the Obama statement and the dollar stayed weak, prompting investors to keep buying riskier assets. Early trade was supported by data showing that U.S. housing starts rose to a six-month high in June.
On the New York Mercantile Exchange, crude for August delivery