API reported an increase of 2.562 million barrels of crude oil inventories for the previous week ending Jan. 15 while the U.S. Energy Information Administration (EIA) reported a rise of 4.4 million barrels.
Oil prices ended mixed on Tuesday as soaring COVID-19 infections continued to spark fears over fuel demand.
The West Texas Intermediate for March delivery lost 16 cents to settle at 52.61 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased 3 cents to close at 55.91 dollars a barrel on the London ICE Futures Exchange.
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