US commercial crude inventories fell by 765,000 barrels in week ended June 19: API
US commercial crude oil inventories continued to decline last week, according to estimates from the American Petroleum Institute (API), while gasoline and distillate fuel inventories increased at a faster pace. 
In a report released on June 23, the institute said commercial crude inventories fell by 765,000 barrels during the week ended June 19.
The report also showed that gasoline inventories rose by 1.24 million barrels (MMbbl) over the same period, while distillate inventories — including diesel and heating oil — increased by 1.45 MMbbl.
Investors are awaiting official data from the US Energy Information Administration (EIA) due tomorrow, with crude inventories expected to decline by 4.1 MMbbl, marking an eighth consecutive weekly draw.
At Tuesday’s settlement, August Brent crude futures fell 1%, or 82 cents, to $77.08 per barrel, while August WTI crude futures declined 0.88%, or 65 cents, to $73.21 per barrel.
US commercial crude inventories fell by 765,000 barrels in week ended June 19: API
US commercial crude oil inventories continued to decline last week, according to estimates from the American Petroleum Institute (API), while gasoline and distillate fuel inventories increased at a faster pace.
In a report released on June 23, the institute said commercial crude inventories fell by 765,000 barrels during the week ended June 19.
The report also showed that gasoline inventories rose by 1.24 million barrels (MMbbl) over the same period, while distillate inventories — including diesel and heating oil — increased by 1.45 MMbbl.
Investors are awaiting official data from the US Energy Information Administration (EIA) due tomorrow, with crude inventories expected to decline by 4.1 MMbbl, marking an eighth consecutive weekly draw.
At Tuesday’s settlement, August Brent crude futures fell 1%, or 82 cents, to $77.08 per barrel, while August WTI crude futures declined 0.88%, or 65 cents, to $73.21 per barrel.
