API reported an increase of 4.319 million barrels of crude oil inventories for the previous week ending April 23 while the U.S. Energy Information Administration (EIA) reported a rise of 100,000 barrels.
Oil prices extended gains on Tuesday as traders remained hopeful about solid demand recovery amid easing COVID-19 restrictions in the United States and Europe.
The West Texas Intermediate (WTI) for June delivery added 1.20 U.S. dollars, or 1.86 percent, to settle at 65.69 dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery increased 1.32 dollars, or 1.95 percent, to close at 68.88 dollars a barrel on the London ICE Futures Exchange.
Latest comments