Investing.com — U.S. crude oil futures fell in post-settlement trading on Tuesday after the American Petroleum Institute reported a rise in domestic crude stocks, just as many pin their hopes for higher oil prices on a summer dip in crude inventories. amid an expected surge in demand.
the US benchmark, traded at $80.78 per barrel after the report, after rising 1.5% to $81.57 per barrel.
fell by about 2.3 million barrels for the week ending June 14, compared to a decline of 2.4 million barrels reported by the API for the previous week. Economists’ estimates were not immediately available.
The API data also showed that gasoline inventories fell by 1.08 barrels, while distillate inventories – the class of fuels that include diesel – increased by 538,000 barrels.
The report is expected at 10:30 a.m. EST (1530 GMT) on Thursday, a day later than normal due to the Juneteenth holiday on Wednesday.
