The American Petroleum Institute (API) on Tuesday reported its fourth straight week of crude oil inventory builds. The week, according to the API, the build was 3.294 million barrels-strong. U.S. crude inventories are still 63 million barrels below where they were at the beginning of the year. Analyst expectations for the week were for a build of 2.233-million barrels for the week. In the previous week, the API reported a surprise build in oil inventories of 5.213-million barrels , compared to the 140,000 barrel build that analysts had predicted. Oil prices were trading up on Tuesday in the runup to the data release, with WTI reaching near $83 and Brent reaching almost $85 per barrel. Both WTI and Brent were up .52% and .76%, respectively, at 3:30 p.m. EST. At 3:35 p.m. EST, WTI was trading at $82.87—a more than $2 gain on the week. Brent crude was trading […]