API reported an increase of 691,000 barrels of crude oil inventories for the previous week ending Sept. 18 while the U.S. Energy Information Administration (EIA) reported a fall of 1.6 million barrels.
Oil prices slipped on Tuesday as investors grew concerned about the prospect of crude demand amid the COVID-19 uncertainty.
The West Texas Intermediate (WTI) for November delivery sank 1.31 U.S. dollars to settle at 39.29 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery decreased 1.4 dollars to 41.03 dollars a barrel on the London ICE Futures Exchange.
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