US oil futures climb as API reports larger-than-expect draw in US crude oil stocks

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US oil futures climb as API reports larger-than-expect draw in US crude oil stocks
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Investing.com -- U.S. crude oil futures rose from post-settlement levels Tuesday after the American Petroleum Institute reported an larger-than-expected decline in weekly domestic crude inventories.

Crude Oil WTI Futures, the U.S. benchmark, recently traded at $64.55 a barrel following the report after settling up $1.22 at $64.42 barrel.

U.S. crude inventories fell by 3.4M barrels for the week ended Sept. 5, compared with a build of 1.3M barrels reported by the API for the previous week. That beat expectations for a draw of 1.6M barrels.

The official government inventory report is due Wednesday at 10:30 a.m. EDT (1430 GMT).

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