Investing.com — U.S. crude inventories fell unexpectedly last week, the API reported Tuesday, adding to expectations that demand will rise ahead of the summer season.
the U.S. benchmark, traded at $83.36 per barrel after the report, after settling at $83.36 per barrel.
fell by about 3.2 million barrels for the week ending April 19, compared to an increase of 4.09 million barrels reported by the API for the previous week. Economists had expected an increase of 1.8 million barrels.
The API data also showed that gasoline inventories fell by 595,000 barrels, while distillate inventories rose by 724,000 barrels.
The report will be released on Wednesday.
