Investing.com -- U.S. crude oil futures fell slightly from post-settlement levels Tuesday despite the American Petroleum Institute reporting a surprise drop in weekly domestic crude stockpiles.
Crude Oil WTI Futures, the U.S. benchmark, recently traded at $64.72 a barrel following the report after settling down $0.31, or 0.5%, at $64.98 barrel.
U.S. crude inventories fell by about 370,000 barrels for the week ended Jun. 7, compared with a build of 3.3M (NYSE:MMM) barrels reported by the API for the previous week and expectations for an increase of about 700,000 barrels.
Gasoline stockpiles decreased by about 3M barrels, while distillate inventories -- the class of fuels that includes diesel and heating oil -- rose by 3.7M barrels.
The official government inventory report is due Wednesday at 10:30 a.m. EDT (1430 GMT).