Breaking: Oil Inventories Rose by 10.5M Barrels Last Week – API

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© Reuters.

.com – stockpiles jumped last week, according to an from the released Tuesday.

The API said rose by 10.485 million last week.

Analysts expect that the Energy Information Administration will report a build of 3.997 million barrels when it issues numbers tomorrow morning. The are due at 10:30 AM ET (14:30 GMT).

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WTI futures were up 1.05% following the release, after settling up, 1.94%, or 39 cents, at $20.48 barrel today in regular .

 

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Source: Investing.com

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