Investing.com – U.S. crude oil futures got a slight boost in post-settlement trading on Tuesday after the American Petroleum Institute reported a bigger-than-expected decline in weekly domestic crude inventories.
the US benchmark, traded at $75.89 per barrel after the report, having fallen 2.4%% to $75.53 per barrel.
fell by about 3.4 million barrels for the week ended August 23, compared to an increase of 347,000 barrels reported by the API for the previous week. Economists had expected a decline of about 3 million barrels.
Gasoline inventories fell by about 1.9 million barrels, while distillate inventories – the class of fuels that include diesel – fell by 1.4 million barrels.
The report is expected at 10:30 a.m. EST (1530 GMT) on Wednesday.
