Breaking: Oil Inventories Fell by 8.2M Barrels Last Week: API

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Investing.com – U.S. crude stockpiles crude inventories fell by 8.2 million barrels last week, the most since 2019, according to an estimate released Tuesday by the American Petroleum Institute.

Analysts expect that the Energy Information Administration will report a draw of 710,000 barrels when it issues numbers tomorrow morning. The EIA numbers are due at 10:30 AM ET (14:30 GMT).

Crude Oil WTI Futures were flat following the release, after settling down 1.08% at $39.27 a barrel Tuesday in regular trading.

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