Oil prices under pressure after mixed U.S. inventory data

2021-06-09 22:06:48 GMT2021-06-10 06:06:48(Beijing Time) Xinhua English

NEW YORK, June 9 (Xinhua) -- Oil prices came under pressure on Wednesday as traders sifted through a mixed U.S. fuel inventory report.

The West Texas Intermediate for July delivery lost 9 cents to settle at 69.96 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery settled unchanged at 72.22 dollars a barrel on the London ICE Futures Exchange.

U.S. crude oil inventories decreased by 5.2 million barrels during the week ending June 4, the U.S. Energy Information Administration (EIA) said in a report on Wednesday. That was larger than the average decline of 4.1 million barrels forecast by analysts polled by S&P Global Platts.

The EIA report also showed total motor gasoline inventories were increased 7 million barrels and distillate fuel inventories increased by 4.4 percent last week. Enditem