Oil futures little changed despite API reporting jump in crude stockpiles

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Investing.com -- U.S. crude lipid futures were astir unchanged from post-settlement levels Tuesday contempt the American Petroleum Institute reporting a ample leap successful play home crude stockpiles.

Crude Oil WTI Futures, the U.S. benchmark, precocious traded astatine $71.18 a tube pursuing the study aft settling down 0.4% astatine $71.20 a barrel.

U.S. crude inventories accrued by 6.0M barrels for the week ended Mar. 28, compared with a gully of 4.6M barrels reported by the API for the erstwhile week. Economists were expecting a physique of conscionable 1.2M barrels.

Gasoline stockpiles decreased by astir 1.6M barrels, portion distillate inventories -- the people of fuels that includes diesel and heating lipid -- fell by 11,000 barrels.

The authoritative authorities inventory study is owed Wednesday astatine 10:30 a.m. ET (1530 GMT).

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