Oil tanks
US commercial crude oil inventories fell during the week ended July 10, according to estimates released by the American Petroleum Institute (API). 
In its report issued Tuesday, the institute said crude inventories declined by 564,000 barrels last week.
The report also showed gasoline inventories fell by 1.664 million barrels over the same period, while distillate inventories—including diesel and heating oil—rose by 2.3 million barrels.
Official data from the US Energy Information Administration (EIA) are due on Wednesday, with analysts expecting US crude inventories to decline by 900,000 barrels.
At Tuesday’s settlement, Brent crude futures for September delivery rose 1.72%, or $1.43, to $84.73 a barrel, while US WTI (Nymex) crude futures for August delivery gained 1.54%, or $1.20, to $79.34 a barrel.
Oil tanks
US commercial crude oil inventories fell during the week ended July 10, according to estimates released by the American Petroleum Institute (API).
In its report issued Tuesday, the institute said crude inventories declined by 564,000 barrels last week.
The report also showed gasoline inventories fell by 1.664 million barrels over the same period, while distillate inventories—including diesel and heating oil—rose by 2.3 million barrels.
Official data from the US Energy Information Administration (EIA) are due on Wednesday, with analysts expecting US crude inventories to decline by 900,000 barrels.
At Tuesday’s settlement, Brent crude futures for September delivery rose 1.72%, or $1.43, to $84.73 a barrel, while US WTI (Nymex) crude futures for August delivery gained 1.54%, or $1.20, to $79.34 a barrel.
