api

This is contrary to the trend analysts polled by Platts were expecting which was an increase in crude inventories of 1.3 million barrels.

The agency also reported an increase of 568,000 barrels in gasoline stocks and a decline in distillates, which include heating oil and diesel, of 1 million barrels.

In contrast to actual trending directions, analysts had projected a 2.1 million barrel decrease in gasoline stocks a

The American Petroleum Institute reported late Tuesday that crude oil inventories fell 2.8 million barrels for the week ended April 1st, according to a MarketWatch report.

Though crude prices are down from their highest level since September 2008, they have risen above today's early low of under $104 a barrel, according to Reuters.

Investors, however, remain worried about oil supply, awaiting the release of oil inventory data and as the OPEC has yet to come to a definite conclusion. The American Petroleum Institute (API) will issue its weekly inventory repor

U.S. crude oil prices fell Tuesday following a statement by Kuwait's oil minister that OPEC may consider increasing production output to supplement Libya's disrupted supply.