U.S. crude oil inventories drop last week

Source: Xinhua | 2018-07-25

The American Petroleum Institute (API) on Tuesday reported a decrease of about 3.16 million barrels in the U.S. crude oil inventories for the week ending July 21.

In the previous week, API reported an increase of nearly 0.63 million barrels in the U.S. crude oil inventories for the week ending July 13.

Oil prices settled higher on Tuesday after going up slightly in the previous session.