The American Petroleum Institute (API) reported a surprise build of 1.099 million barrels of United States crude oil inventories for the week ending April 20, contrary to analyst expectations that this week would see a draw in crude oil inventories of 2.648 million barrels . A survey of S&P Global Platts for the week expected crude oil stocks to drop by 1.1 million barrels. Last week, the American Petroleum Institute (API) reported a draw of 1.047 million barrels of crude oil. The API reported a draw for gasoline inventories for week ending April 20, in the amount of of 2.724 million—a bigger draw than the 995,000-barrel one that analysts had expected. Brent oil prices topped $75 in early trading on Tuesday with WTI approaching $70 a barrel as the market feared the chance of renewed U.S. sanctions on Iran is growing and as Tehran rhetoric flared up. At 07:45 […]