U.S. oil futures edge up after API shows bigger draw in crude inventories By Investing.com

Investing.com — U.S. crude oil futures received a slight boost in post-settlement trade on Tuesday after the American Petroleum Institute reported a bigger-than-expected decline in weekly domestic crude inventories.

The US benchmark traded at $75.89 a barrel following the report, after falling 2.4%% to $75.53 a barrel.

fell by about 3.4 million barrels in the week ended Aug. 23, compared with a 347,000-barrel build-up reported by the API for the previous week. Economists had expected a decline of about 3 million barrels.

Gasoline stocks fell by about 1.9 million barrels, while distillate stocks — the fuel class that includes diesel and — fell by 1.4 million barrels.

The report will take place on Wednesday at 10:30 AM EST (1530 GMT).