By Yasin Ebrahim
U.S. crude stockpiles rose by 1.1 million barrels last week, according to an estimate from the American Petroleum Institute released Tuesday.
- The API said crude inventories were up by 1.1 million for the week ended Jan. 10.
- Analysts expect that the Energy Information Administration will report a draw of 474,000 barrels when it issues numbers tomorrow morning. The EIA numbers are due at 10:30 AM ET (15:30 GMT).
- WTI futures rose 0.21% after snapping a five-day losing streak to settle at $58.23 a barrel, up 0.3% today in regular trading.
