The West Texas Intermediate (WTI) for June delivery lost 6 cents to settle at 65.63 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery increased 8 cents to close at 68.96 dollars a barrel on the London ICE Futures Exchange.
U.S. crude oil inventories decreased by 8 million barrels during the week ending April 30, the U.S. Energy Information Administration (EIA) said in a report on Wednesday. Analysts polled by S&P Global Platts had estimated the EIA publication to show a decline of 3.9 million barrels for crude stocks.
Oil prices logged solid gains both on Monday and Tuesday, amid confidence for demand outlook.
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