The American Petroleum Institute (API) on Tuesday reported a decrease of 6.36 million barrels of crude oil in the U.S. crude oil inventories for the week ending Aug. 28.
API reported a decrease of 4.524 million barrels of crude oil inventories for the previous week ending Aug. 21 while the U.S. Energy Information Administration (EIA) reported a fall of 4.7 million barrels.
Oil prices gained on Tuesday as market sentiment was boosted by a slew of positive data.
The West Texas Intermediate (WTI) for October delivery climbed 15 cents to settle at 42.76 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery advanced 30 cents to close at 45.58 dollars a barrel on the London ICE Futures Exchange.
Editor: Galia
