Investing.com — U.S. crude oil futures were slightly lower in post-settlement trading Wednesday after the American Petroleum Institute reported an unexpected fall in weekly domestic inventories, though gasoline supplies ticked up.
Crude Oil WTI Futures, the U.S. benchmark, recently traded at $68.06 a barrel following the report after settling up at $68.43 a barrel.
U.S. crude inventories fell by about 777,000 barrels for the week ended Nov. 8, compared with a build of 3.1 barrels reported by the API for the previous week. Economists were expecting a build of about 1M barrels.
Gasoline stockpiles rise by about 312,000 barrels, while distillate inventories — the class of fuels that includes diesel and heating oil — increased by 1.1M barrels.
The official government inventory report is due Thursday at 10:30 a.m. EST (1530 GMT).
This post is originally published on INVESTING.
