Investing.com — U.S. crude oil futures were roughly unchanged in post-settlement trading Tuesday after the American Petroleum Institute reported a much larger-than-expected increase in weekly domestic inventories, though gasoline supplies ticked up.
Crude Oil WTI Futures, the U.S. benchmark, recently traded at $69.33 a barrel following the report after settling up 0.3% at $69.39 a barrel.
U.S. crude inventories rose by about 4.75M barrels for the week ended Nov. 15, compared with a draw of 777,000 barrels reported by the API for the previous week. Economists were expecting a build of just 800,000 barrels.
Gasoline stockpiles fell by about 2.48M barrels, while distillate inventories — the class of fuels that includes diesel and heating oil — fell by 688,000 barrels.
The official government inventory report is due Wednesday at 10:30 a.m. EST (1530 GMT).
This post is originally published on INVESTING.
