The West Texas Intermediate for September delivery lost 1.13 U.S. dollars to settle at 65.46 dollars a barrel on the New York Mercantile Exchange. Brent crude for October delivery decreased 80 cents to close at 68.23 dollars a barrel on the London ICE Futures Exchange.
U.S. crude oil inventories decreased by 3.2 million barrels during the week ending Aug. 13, the U.S. Energy Information Administration (EIA) said in a report on Wednesday.
At 435.5 million barrels, U.S. crude oil inventories are about 6 percent below the five year average for this time of year.
According to the EIA, total motor gasoline inventories increased by 0.7 million barrels last week, while distillate fuel inventories decreased by 2.7 million barrels.
Oil prices have come under pressure recently as market participants worried that a rapid spread of the Delta variant of COVID-19 would slow demand recovery.
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