The American Petroleum Institute (API) on Tuesday reported a build of 5.954 million barrels of crude oil in the U.S. crude oil inventories for the week ending Nov. 15.
API reported a drop of 500,000 barrels of crude oil inventories for the previous week ending Nov. 8, and the U.S. Energy Information Administration (EIA) reported an increase of 2.2 million barrels.
Oil prices continued to pull back on Tuesday, as U.S. dollar rose against other major currencies.
The West Texas Intermediate for December delivery slumped 1.84 U.S. dollars to settle at 55.21 dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery erased 1.53 dollars to close at 60.91 dollars a barrel on the London ICE Futures Exchange.
Editor:Cherie
