U.S. crude stockpiles rose 1.44 million barrels last week: API Build was lower than market was expecting, PVM Oil says Oil rebounded after industry data showed a smaller-than-expected build in U.S. crude inventories. Futures rose as much as 1 percent in New York after closing 3 percent lower on Tuesday. U.S. stockpiles increased by 1.44 million barrels last week, the industry-funded American Petroleum Institute was said to report. Energy Information Administration data Wednesday is forecast to show supplies rose by 4 million barrels. Oil has fluctuated since rallying in August amid speculation the Organization of Petroleum Exporting Countries and Russia would agree on measures to stabilize the market at a meeting later this month. Record output from OPEC’s Gulf members is compounding the global glut which will last into next year, the IEA said Tuesday . The agency last month predicted the market would return to equilibrium this year. […]