API Reports Crude Supplies Up 4.4 Million Barrels

The American Petroleum Institute reported late Tuesday U.S. crude inventories rose 4.4 million barrels on the week ended Dec. 5, according to reports. The trade group's report comes a day ahead of more closely watched data from the U.S. Energy Information Administration. Analysts expect the EIA report to show a decline in crude inventories around 3 million barrels. Crude futures gained Tuesday, a day after they hit fresh five-year lows.