Crude-oil supplies rose 3.4 mln barrels, API says

SAN FRANCISCO (MarketWatch)
The American Petroleum Institute reported late Tuesday that crude-oil supplies rose by 3.4 million barrels for the week ended April 13
Gasoline inventories fell by 2.6 million barrels, while distillate inventories were 2.4 million barrels lower, the trade group said
The API data come ahead of the more closely-watched U.S
Energy Information Administration report due Wednesday morning
Analysts polled by Platts expect data to show a rise of 400,000 barrels in crude stockpiles and an increase of 140,000 barrels in gasoline supplies
Distillate stocks are expected to be unchanged
Ahead of the API data, May crude settled at $104.20 a barrel, up $1.27 or 1.2%.