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Crude Inventory Fell 4.7 Million Barrels Last Week: API

Published 07/27/2021, 04:33 PM
Updated 07/27/2021, 04:40 PM
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Investing.com -- Crude inventories fell 4.7 million barrels last week, more than the expected draw of 3.4 million barrels, according to data released Tuesday by the American Petroleum Institute.

The price of U.S. crude benchmark Crude Oil WTI Futures edged up 0.08%, to $71.97, while the price of international standardBrent Oil Futurescrude rose 0.1% to $73.78 in late afternoon trading.

The API report said gasoline inventory fell by 6.226 million barrels and distillate stocks fell 1.882 million barrels.

The government's own report on fuel stocks is due out Wednesday morning at 10:00 AM ET (1400 GMT).

 

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