HOUSTON, June 19 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a large draw of over 3.0 million barrels in the U.S. crude oil inventories for the week ending June 15.
The institute reported a buildup of 0.83 million barrels for the week ending June 8.
On Tuesday, oil prices ended lower as investors were awaiting the upcoming OPEC (Organization of the Petroleum Exporting Countries) meeting, which is scheduled to be held this Friday in Vienna.
Major exporters are expected to discuss whether to withdraw from the current output-cut deal.
The West Texas Intermediate (WTI), the benchmark of U.S. oil prices, for July delivery fell 0.78 U.S. dollar to settle at 65.07 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery was down 0.26 dollar to close at 75.08 dollars a barrel on the London ICE Futures Exchange. Enditem
