US oil futures were little changed after Investing.com’s massive API pull

Investing.com — U.S. crude oil futures fell off post-settlement lows on Wednesday after the American Petroleum Institute reported a bigger-than-expected decline in weekly domestic crude inventories.

The US benchmark traded at $69.30 a barrel following the report, after falling 1.6%% to $69.20 a barrel.

fell by about 7.4 million barrels for the week ended Aug. 30, compared with a 3.4 million barrel decline reported by the API for the previous week. Economists had expected a drop of just 900,000 barrels.

Gasoline stocks fell by about 300,000 barrels, while distillate stocks — the fuel class that includes diesel and — fell by 400,000 barrels.

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