The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 6.8 million barrels for the week ended April 26, according to sources. The API also reportedly showed a stockpile fall of 1.1 million barrels for gasoline, while distillate stockpiles fell by 2.1 million barrels. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude supplies climbed by 1.4 million barrels last week, according to a survey of analysts conducted by S&P Global Platts. It also forecast inventory declines of 1 million barrels for gasoline and 1.2 million barrels for distillates. June West Texas Intermediate crude was at $63.52 a barrel in electronic trading, down from the $63.91 settlement on the New York Mercantile Exchange.
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