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U.S. crude oil inventories decrease last week: API

2019-06-26 06:37

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HOUSTON, June 25 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a sharp decrease of 7.55 million barrels in the U.S. crude oil inventories for the week ending June 21.

In the previous week ending June 14, API reported a decrease of 812,000 barrels of crude oil inventories, while the U.S. Energy Information Administration (EIA) reported a decline of 3.1 million barrels for the same period.

Oil prices posted mixed results on Tuesday, as investors kept a close eye on the heated spats between the United States and Iran, which have weighed on global energy supply.

The West Texas Intermediate for August delivery decreased 0.07 U.S. dollar to settle at 57.83 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery rose 0.19 dollar to close at 65.05 dollars a barrel on the London ICE Futures Exchange.

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