US oil futures were little changed after Investing.com’s surprise API build

Investing.com — U.S. crude oil futures were little changed in post-settlement trading on Tuesday after the American Petroleum Institute reported a surprise increase in weekly domestic crude inventories.

the US benchmark traded at $73.12 a barrel following the report, after falling 0.4%% to $74.04 a barrel.

rose about 347,000 barrels for the week ended Aug. 16, compared with a draw of 5.2 million barrels reported by the API for the previous week. Economists had expected a decline of about 2.8 million barrels.

Gasoline stocks fell by about 1 million barrels, while distillate stocks — the fuel class that includes diesel and — fell by 2.2 million barrels.

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