U.S. crude oil futures were little changed on Wednesday, hovering close to post-settlement levels after the American Petroleum Institute showed a smaller-than-expected increase in U.S. weekly crude supplies.
Crude Oil WTI Futures, the U.S. benchmark, recently traded at $58.49 a barrel following the report after settling down 4.2% lower at $58.49 barrel.
U.S. crude inventories increased by about 1.3M barrels for the week ended Nov 5, smaller than expectations for a build of about 1.7M barrels.
Gasoline stockpiles decreased by about 1.4M barrels, while distillate inventories -- the class of fuels that includes diesel and heating oil -- rose by about 944,000 barrels.
The official government inventory report is due Thursday at 10:30 a.m. ET (1430 GMT).
