Oil extends declines as investors await outcome of US-Iran talks
XLE•U.S. inventory data and EIA report due
U.S. crude and gasoline inventories rose while distillate stocks fell last week, market sources said on Tuesday, citing data from the American Petroleum Institute.
Crude stocks rose by about 2.7 million barrels in the week ended July 31, the sources said on condition of anonymity.
Official numbers from the U.S. Energy Information Administration are due at 10:30 a.m. ET (1430 GMT) on Wednesday.
Trump and Qatar's emir discuss settlement efforts
Trump and Qatar's Emir Sheikh Tamim bin Hamad Al Thani discussed efforts to narrow differences between Washington and Tehran and improve the prospects for a lasting settlement during a phone call on Tuesday, Qatar's Emiri office said.
