Investing.com – U.S. crude oil futures fell in post-settlement trading on Tuesday after the American Petroleum Institute reported a bigger-than-expected drop in weekly domestic crude inventories, although gasoline stocks rose.
the US benchmark, recently traded at $69.80 per barrel after the report, having fallen 0.9% to $70.08 per barrel.
fell by about 4.7 million barrels for the week ending December 13, compared to an increase of 499,000 barrels reported by the API for the previous week. Economists had expected a decline of 1.9 million barrels.
Gasoline inventories rose by about 2.4 million barrels, while distillate inventories – the class of fuels that include diesel – rose by 700,000 barrels.
The report is expected at 10:30 a.m. EST (1530 GMT) on Wednesday.
