* U.S. Senate expected to approve debt deal on Tuesday
* U.S. crude to fall below $90 -technicals
* Coming Up: U.S. API weekly oil inventories; 2030 GMT
By Alejandro Barbajosa
SINGAPORE, Aug 2 (Reuters) - U.S. crude rebounded from a one-month low on Tuesday, after the House of Representatives passed a deal to raise the debt ceiling of top oil consumer the United States, restoring some optimism to markets battered by disappointing economic data.
West Texas Intermediate crude
The focus now turns to the Senate, where the $2.1 trillion deficit-cutting plan is expected to be approved in a vote on Tuesday, the deadline to lift the debt limit.
"It's a good compromise," said Jeremy Friesen, commodity strategist at Societe Generale in Hong Kong, adding, "U.S. policy is moving in the right direction.
"It is cutting back on the fiscal stimulus, but there is still enough ammunition for the Fed to keep growth going for the remainder of the year. The market is going to be thinking about the fundamental side of the economy, as well as what is going on in Washington, so it should be volatile."
The U.S. Institute for Supply Management manufacturing report, a gauge of factory activity in the world's largest economy, fell to 50.9 in July, its lowest since July 2009.
Brent crude edged higher on Monday as North Sea oilfield maintenance and violence in the Middle East offset the weaker global factory data.
BP said the North Sea Forties Pipeline System would be closed for five days this week to allow workers to remove an unexploded mine from World War II discovered in water near the pipeline.
France's Total shut its North Sea Elgin platform, which pumps 104,000 barrels per day of condensate, for summer maintenance, the company said, without disclosing the duration.
RISING STOCKPILES
U.S. crude oil inventories probably rose by 1.2 million barrels last week as increased supplies from the Strategic Petroleum Reserve offset losses due to Tropical Storm Don, a Reuters poll showed on Monday.
Gasoline stockpiles were projected unchanged for the week, the poll showed, while distillate stocks were expected to have risen 1.5 million barrels.
Industry data on inventories from the American Petroleum Institute (API) will be published on Tuesday, followed by government statistics from the Energy Information Administration on Wednesday.
Tropical Storm Emily formed near the Caribbean's Lesser Antilles islands on Monday, far from oil and gas-production facilities in the U.S. Gulf of Mexico.
In other markets, Asian shares fell on Tuesday on concerns about a downgrade of the United States credit rating and economic worries after the sluggish manufacturing data, while the yen gave up some gains on jitters over the possibility of intervention by the Bank of Japan.
The safe-haven Swiss franc counted its gains on worries about the global economy even as the U.S. looked to have averted a debt default. (Editing by Clarence Fernandez)