Crude oil futures gained on Tuesday as investors were optimistic about oil futures demand. The latest economic data also remained mixed, as the consumer confidence index declined to 44.5 for the month of August as compared to 59.2 in July. However Case Shiller home price index gained 1.1 percent.

Crude oil futures contract for October delivery gained 1.9 percent or $1.63 to settle at $88.90 per barrel on New York Mercantile Exchange. The respective contract touched its intraday high of $89.21 per barrel. Gasoline futures contract for September delivery also jumped $0.09 to $3 per gallon which was also its highest since August 2^nd 2011.

Heating oil futures contract for September delivery surged 2 percent or $0.06 to $3.07 per gallon while Natural gas futures contract for September delivery advanced 2.1 percent or $0.08 to $3.91 per million British thermal units.