Oil supplies rise 1.3 million barrels: API

SAN FRANCISCO (MarketWatch)
Crude-oil inventories rose 1.3 million barrels, the American Petroleum Institute said late Tuesday
The trade group also reported gasoline stockpiles up 2.3 million, and supplies of distillates up
2.6 million
The API report comes a day ahead of the Energy Information Administration's supply data
Analysts polled by Platts expect crude supplies to decline 250,000 barrels, the fourth decline in a row. Gasoline stockpiles are seen down 750,000 barrels, and distillates inventories up 1 million barrels