HOUSTON, June 22 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a decrease of 7.199 million barrels of crude oil in the U.S. crude oil inventories for the week ending June 18.
API reported a decrease of 8.537 million barrels of crude oil inventories for the previous week ending June 11 while the U.S. Energy Information Administration (EIA) reported a fall of 7.4 million barrels.
Oil prices declined on Tuesday, giving up some of the gains they had scored in the prior session.
The West Texas Intermediate (WTI) for July delivery lost 60 cents to settle at 73.06 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery decreased 9 cents to close at 74.81 dollars a barrel on the London ICE Futures Exchange. Enditem