Investing.com — U.S. crude oil futures fell slightly from post-settlement levels Tuesday despite the American Petroleum Institute reporting a surprise drop in weekly domestic crude stockpiles.
Crude Oil WTI Futures, the U.S. benchmark, recently traded at $64.72 a barrel following the report after settling down $0.31, or 0.5%, at $64.98 barrel.
U.S. crude inventories fell by about 370,000 barrels for the week ended Jun. 7, compared with a build of 3.3M barrels reported by the API for the previous week and expectations for an increase of about 700,000 barrels.
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Gasoline stockpiles decreased by about 3M barrels, while distillate inventories — the class of fuels that includes diesel and heating oil — rose by 3.7M barrels.
The official government inventory report is due Wednesday at 10:30 a.m. EDT (1430 GMT).
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