Investing.com -- U.S. crude oil futures traded below post-settlement levels Tuesday despite the American Petroleum Institute reporting a large decline in weekly domestic crude stockpiles.

Crude Oil WTI Futures , the U.S. benchmark, recently traded at $63.54 a barrel following the report after settling up 2.3% at $64.31 a barrel.

U.S. crude inventories fell by a about 4.6M barrels for the week ended Apr. 18, compared with a build of 2.4M barrels reported by the API for the previous week.

Gasoline stockpiles decreased by about 2.2M barrels, while distillate inventories -- the class of fuels that includes diesel and heating oil -- fell by 1.6M barrels.

The official government inventory report is due Wednesday at 10:30 a.m. ET (1530 GMT).