By Kim Khan
Investing.com - Stockpiles of U.S. crude fell sharply last week, industry group the American Petroleum Institute said Tuesday.
Oil inventories posted a drop of 4.3 million for the week ended Jan. 24, API said, compared with build of 1.6 million reported last week.
WTI futures rose 1.6% following in the report in post-settlement trading.
The Energy Information Administration reports the official government numbers at 10:30 AM ET Wednesday, with analysts looking for a build in crude stocks of 482,000.Original Article