12/3, 10:33 PM (Source: TeleTrader)
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Private data shows draw in US crude inventories

Crude oil inventories in the United States fell by 3.7 million in the week ending December 3, a larger than-expected-decline, private data from the American Petroleum Institute (API) revealed on Tuesday according to sources.

Official US data will be released on Wednesday by the Energy Information Administration.

Crude benchmarks ticked higher in post-settlement trade following the data, with Brent futures for February settlement up 0.08% to $60.948 per barrel at 4:39 pm ET, while West Texas Intermediate gained 0.46% to $56.22 a barrel.

Breaking the News / JC