U.S. crude oil inventories decrease last week: API

The American Petroleum Institute (API) on Tuesday reported a draw of 5.9 million barrels in the U.S. crude oil inventories for the week ending Sept. 27.

API reported an increase of 1.4 million barrels of crude oil inventories for the previous week ending Sept. 20, and the U.S. Energy Information Administration (EIA) reported an increase of 2.4 million barrels.

Oil prices declined on Tuesday as the weak U.S. manufacturing data triggered concerns over potential slowdown in energy demand.

The West Texas Intermediate (WTI) for November delivery fell 0.45 U.S. dollar to settle at 53.62 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery declined 0.36 dollar to close at 58.89 dollars a barrel on the London ICE Futures Exchange.