Investing.com — U.S. crude oil futures rose in post-settlement trading on Wednesday after the American Petroleum Institute reported an unexpected decline in weekly domestic crude inventories.
The U.S. benchmark recently traded at $70.67 a barrel after the report, after settling down 0.3 percent at $70.39 a barrel.
fell by about 10.9 million barrels for the week ended Oct. 11, compared with a 10.9 million-barrel gain reported by the API for the previous week. Economists had expected an upgrade of about 3.2 million barrels.
Gasoline stocks fell by about 5.9 million barrels, while distillate stocks – the fuel class that includes diesel and — down 2.7 million barrels.
The report is expected on Thursday at 10:30 am EST (1530 GMT).
