API reported a decrease of 9.517 million barrels of crude oil inventories for the previous week ending Sept. 11 while the U.S. Energy Information Administration (EIA) reported a fall of 4.4 million barrels.
Oil prices rose on Tuesday. The West Texas Intermediate (WTI) for October delivery gained 29 cents to settle at 39.60 U.S. dollars a barrel on the New York Mercantile Exchange.
The October contract expired at the end of the Tuesday's session. The new front-month contract, November WTI crude, settled 26 cents higher at 39.80 dollars a barrel.
Latest comments