Breaking: Oil Inventories Rose by 1.3M Barrels Last Week: API

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By Yasin Ebrahim – stockpiles rose last week, according to an estimate from the American Petroleum Institute released Tuesday.

The API said rose by 1.3 million for the week ended Feb. 21.

Analysts expect that the Energy Information Administration will report a build of 2 million barrels when it issues numbers tomorrow morning. The are due at 10:30 AM ET (14:30 GMT).

were down about 2.6% following the release, after settling 3% down today in regular trading.

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