By Yasin Ebrahim
Investing.com – U.S. oil stockpiles rose last week, intensifying worries about the demand outlook at a time when traders weigh up weather-related supply disruptions, which have shut-in production in the Gulf of Mexico.
rose by 951,00 barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a draw of 831,000 barrels the previous week.
, the U.S. benchmark for oil, rose 1.7% after settling 3.7% higher at $40.67 a barrel on Tuesday.
The build comes a day ahead of the official government report expected to show weekly U.S. crude supplies rose by 294,000 barrels last week.
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