The American Petroleum Institute (API) on Tuesday reported a decrease of 8.156 million barrels of crude oil in the U.S. crude oil inventories for the week ending June 26.
API reported an increase of 1.749 million barrels of crude oil inventories for the previous week ending June 19 while the U.S. Energy Information Administration (EIA) reported a rise of 1.4 million barrels.
Oil prices declined on Tuesday as rising COVID-19 cases continued to stoke fears of weaker energy demand.
The West Texas Intermediate for August delivery lost 43 cents to settle at 39.27 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery decreased 56 cents to close at 41.15 dollars a barrel on the London ICE Futures Exchange.
Editor:Cherie
