Investing.com – U.S. crude oil futures were roughly unchanged in post-settlement trading on Tuesday after the American Petroleum Institute reported a much bigger-than-expected rise in weekly domestic inventories, even as gasoline inventories rose.
the US benchmark, recently traded at $69.33 per barrel after the report, after rising 0.3% to $69.39 per barrel.
increased by about 4.75 million barrels for the week ending November 15, compared to a decline of 777,000 barrels reported by the API for the previous week. Economists had expected production of only 800,000 barrels.
Gasoline inventories fell by about 2.48 million barrels, while distillate inventories – the class of fuels that include diesel – fell by 688,000 barrels.
The report is expected at 10:30 a.m. EST (1530 GMT) on Wednesday.
